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GBP/USD Forecast: poor UK data not enough for the greenback

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The Pound retreats further from the 1.4418 posted last Tuesday against the greenback, after the release of the UK March employment figures, which came in mixed, as unemployment rose by 6.7K against the expected 10K decline, the unemployment rate remained unchanged at 5.1%. Wages slowed down well beyond expected, as average earnings including bonus, in the three months to February, grew by 1.8% against the 2.1% previous and the 2.3% expected. The GBP/USD pair fell down to 1.4343 right after the

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