GBP/USD was flat on Thursday amid mixed signals about the American economy.
Sterling was trading at 1.2080, which was a few pips above this week’s low of 1.1970. This price is much lower than the year-to-date high of 1.2457 as focus shifts to the upcoming UK GDP data.The GBP/USD price has dropped from its highest point this year as the US dollar index staged a strong comeback. The dollar index, which was approaching $100 earlier this month, has jumped to $103 after mixed signals from the US.
Despite all this, many companies have continued hiring, with the number of vacancies remaining at over 10 million and the unemployment rate falling to 3.4%. As a result, the low jobless rate means that the Fed could take longer than expect to win its inflation data.
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