Ella 
GBP/USD attracted some bargain hunting in Asia on Monday and was last seen recovering near 1.3100, but a number of factors could limit further gains.
The closely watched U.S. monthly employment data released on Friday showed that the labor market slowed more than expected, exacerbating concerns about the health of the U.S. economy. This therefore reduces investors’ appetite for risky assets, favoring the safe-haven US dollar (USD), and is negative for the pound-to-dollar (GBP/USD) currency pair.
Meanwhile, a survey of recruiters showed that the UK labor market cooled significantly last month, with employment falling sharply and wage growth slowing. This provides support for the Bank of England (BOE) to cut interest rates, which may further inhibit bulls from making aggressive bets on the pound and suppress the pound against the dollar.
Investors now look forward to UK monthly employment data due on Tuesday. Meanwhile, with neither the UK nor the US releasing any relevant market economic data on Monday, US dollar price dynamics will continue to play a key role in GBP/USD movements.
