The GBP/USD is trying to hold onto 1.2550 heading into the Friday market close after dropping into a new low for the week near the 1.2500 handle after a better-than-expected US Nonfarm Payrolls (NFP) gave the US Dollar (USD) one last bump across the board to round out the trading week.
The United Kingdom’s (UK) ILO Unemployment Rate held steady at 4.2% in the quarter to September, the latest data published by the Office for National Statistics (ONS) showed Tuesday. The data matched market expectations of 4.2% in the September quarter.