Fawad Razaqzada, market analyst at Forex.com, said: "The GBP/USD suffered a double whammy on the last two days of last week, resulting in a 245-pip drop from the week’s high to the

low. First it was the Bank of England on Thursday, which came across as less hawkish than expected as only two members voted for a rate rise, followed by a surprisingly strong US jobs report on Friday.

"For now, one has to treat Friday’s better-than-expected jobs report as an outlier given the overall weakness in US data of late.

"If the dollar were to make a more meaningful comeback, we will need to see more evidence that the economy is on a sustainable path of growth and further acceleration in inflation.

"Consequently, I would not be surprised if the GBP/USD were to climb higher from its current levels until at least Thursday."