Pound Recovers Losses as DXY Retreats from Two-Month High

The British Pound has recovered from minor losses against the US Dollar after the DXY retreated from its two-month high of 101.50 to near 101.35.

This comes as market experts anticipate that the US Dollar will remain firm due to hawkish Federal Reserve expectations.

Investors are eagerly awaiting the release of the US JOLTS Job Openings data for August, which is expected to show that US employers posted 7.23 million fresh jobs, marginally lower than 7.271 million in July.