GBP/USD entered a phase of bullish consolidation following a solid recovery rally to two-week highs of 1.3629, as investors digested stunning US Nonfarm Payrolls. The headline numbers arrived at 467K vs. 150K expectations and revived the demand for the US dollar across the board, putting an end to the BOE-led rally in the cable.
The currency pair remains resilient to the dollar’s strength heading into a new week. It’s a quiet start to a relatively busier week on Monday, as Valentine’s Day offers nothing for GBP lovers.
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