The GBP/USD retreated sharply and then bounced back after the important UK and US economic numbers. It dropped from last week’s high of 1.2892 to a low of 1.2744. It then rebounded to a high of 1.2786 ahead of key UK GDP numbers.
The GBP/USD pair reacted to the mixed economic numbers from the UK. In a report, the Office of National Statistics (ONS) revealed that the country’s unemployment rate rose from 6.8% in December to 3.9% in January
The GBP/USD pair reacted to the mixed economic numbers from the UK. In a report, the Office of National Statistics (ONS) revealed that the country’s unemployment rate rose from 6.8% in December to 3.9% in January