GBP/USD consolidates around mid-1.3500s ahead of this week's key data/central bank event risks

  • The GBP/USD pair remains on the defensive below a three-year top touched on Friday, though it lacks bearish conviction and oscillates in a narrow band around mid-1.3500s during the Asian session. Traders seem reluctant and opt to wait for this week's key data/central bank event risks before positioning for the next leg of a directional move for spot prices.