GBP/USD faces pressure ahead of PMI data and US payrolls

GBP/USD remains under pressure as traders position for a data-heavy week featuring UK and US PMI releases alongside crucial US employment figures. The pair has been struggling to find direction amid mixed economic signals from both economies. Markets are particularly focused on upcoming Manufacturing and Services PMI data, which will provide insights into economic momentum in both countries. The US Non-Farm Payrolls report later this week represents a key risk event that could significantly impact dollar strength and Federal Reserve rate expectations. Technical analysis suggests GBP/USD is consolidating within a narrow range, with traders awaiting fresh catalysts for directional conviction. Near-term support sits at 1.2650, while resistance at 1.2750 caps upside attempts. The outcome of this week's economic releases will likely determine whether the pound can mount a recovery or face further selling pressure.