The Pound takes advantage of US Dollar weakness to hit fresh two-week highs at 1.2675.
A higher-than-expected increase in US Jobless Claims has increased bearish pressure on the Dollar.
GBP/USD is testing an important resistance area at 1.2675.
The Sterling is building up bullish momentum on Thursday, buoyed by a favourable market sentiment, which is weighing on the safe-haven US Dollar.
Data from the US Labor Department revealed that Jobless Claims increased by 222K in the last week of March 29, from the upwardly revised 212K in the previous week. The market had anticipated a softer 214K increase.
Edited 06 Apr 2024, 00:47
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