GBP/USD falls below 1.2200 as UK employment data disappoints.

 

GBP/USD accepts bids to prolong the week’s beginning drop from a one-month high. UK Claimant Count Change decreased to 19.7K in December, while the unemployment rate has remained steady for the last three months through November. Despite disadvantages related to a labor strike and inflation worries, cable prices rise due to the US dollar’s inability to follow the yields’ recovery. Before the important Wednesday, traders might amuse themselves with second-tier US data and risk triggers.

GBP/USD records a two-day losing run as it retraces to its intraday low after early-Tuesday UK employment data. Despite this, the GBP/USD pair fell to 1.2169 before rising to 1.2190 at the time of publication.

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