Wednesday, 21 January 2015

GBP/USD slightly up ahead of UK employment data

FXStreet (Mumbai) - The British Pound is gaining strength against the US dollar ahead of the data in the UK,which is likely to show the unemployment rate ticked down in November.

The GBP/USD pair currently trades 0.17% higher at 1.5169 levels. A sharp recovery was seen yesterday from the low of 1.5057 as the Gilt yields edged higher. However, the pair faced rejection yet again near 1.52 levels. Investors now turn their attention towards the Bank of England (BOE) minutes and employment data due for release today.
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