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GBP/USD slips to session lows as EUR/GBP squeezes higher
The Pound has not exactly been the best performing major currency since the release of the latest UK jobs report. Initially the Pound seem to largely ignore any of that data and besides it was in line with expectations for the most part. Well, despite that the GBP/USD has been leaking lower this morning and just now slipped to a session low at 1.2982. The move lower there comes as the EUR/GBP continues to rebound from the noted low yesterday, at 0.8383. The rebound right now towards 0.8420 is an internal part of why the GBP/USD has been edging lower this morning. It looks like a short squeeze on EUR/GBP is underway today ahead of the ECB policy decision later. The GBP/USD is currently trading at 1.2985
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