GBP/USD down to 1.6130 before U.S. Jobs Report

The pound was little changed against the dollar and euro before a government report that economists said will show U.S. employers added the most jobs last month since April.

Benchmark 10-year gilts were also little changed after a U.K. report showed the budget deficit narrowed more in September from a year earlier than economists forecast. Bank of England Deputy Governor Charlie Bean said the U.K. recovery was likely to be modest by historic standards. The Debt Management Office is scheduled to sell bonds maturing in 2068 via banks this week.

The pound traded at $1.6128 at 9:46 a.m. London time after rising to $1.6225 on Oct. 18, the highest level since Oct. 3. The U.K. currency was at 84.76 pence per euro.


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