020 7898 0500After a brief moment above US$1.30, the GBP/USD pair failed to extend its bullish momentum following the revised Q1 GDP, leaving the pound heading towards US$1.2900. Although unemployment claims came in at 234,000 against a forecast of 238,000 this had very little impact on the trading pairs.
Later today, we have GDP data out from the US and core durable goods.
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