GBP/USD Holds Mildly Bullish Bias Ahead of Key Economic Data Releases

The GBP/USD pair is trading near 1.3490 in Thursday's early European session, maintaining a mildly bullish bias despite subdued RSI momentum.

Traders await the Bank of England (BoE) Governor Andrew Bailey's speech and US August jobs data for fresh impetus.

Federal Reserve Chair Kevin Warsh delivered hawkish remarks at the Jackson Hole meeting last week, boosting market expectations for a rate hike next month.

UOB analysts said that Warsh's emphasis on inflation risks and commitment to achieving price stability reinforces elevated policy tightening risks this year.

The UK economy has shown signs of stronger growth since the last monetary policy meeting, with the labour market stabilizing and inflation slightly stronger than expected, according to BoE policymaker Catherine Mann.