Dollar’s momentum accelerated at the end of the day, with the vulnerable Pound among the worst performers after UK wages data disappointed.
Yes, GBP is strong but not against USD.
10Y and 2Y US-UK yield differential rise in the GBP-negative manner despite upbeat UK GDP reading.
GBP/USD fell to 1.3147 on Thursday and extended losses to 1.3113 in the Asian session today.
Cable is being priced at 1.31300 currently.
Now price is testing the triangle support: