GBP/USD Forecast: Pound stays vulnerable despite sellers' hesitancy by eren_fxstreet GBPUSD Pound USDollar
, which tracks the greenback's performance against a basket of six major currencies, advanced to its highest level in a week with the initial reaction and forced GBP/USD to edge lower.
Earlier in the day, the data published by the UK's Office for National Statistics revealed that the UK economy grew by 1% on a quarterly basis in the fourth quarter. This reading came in slightly lower than the market expectation of 1.1% but failed to trigger a noticeable market reaction. In order to push higher toward 1.3600 and 1.3620 , the pair needs to rise above 1.3560 and start using that level as support.
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