Mixed US jobs data released on Friday points to a limited upside in the US dollar ahead of the key US inflation data due on Wednesday. What is the outlook for EUR/USD, GBP/USD, and USD/JPY?

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An initial move higher in Wall Street last Friday eventually faded into the close, as market participants took the opportunity for further profit-taking into the seasonally weaker month of August

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The Euro and British Pound cautiously weakened last week amid a stronger US Dollar. This also meant gold underperformed. Ahead, all eyes turn to US CPI and UK GDP.

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The British Pound is marginally lower against both the US dollar and the Euro on the week after the latest BoE policy decision saw the terminal Bank rate outlook trimmed.

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The U.S. economy added 187,000 jobs in July, a sign that the labor remains healthy by historical standards and widespread layoffs are not occurring despite the late stage of the economic cycle.

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