The surprising drop in the number of unemployed persons in the UK sent the unemployment rate down to 7.1%, close to the 7.0% level at which the Bank of England says it would consider raising interest rates. The GBP USD reacted with gains against the USD, pushing the currency above the Resistance of 1.6450 of the Daily Chart´s Range (Support 1,6300). With the prospect of widening of the interest rate differential in favour of sterling, the currency could gain significant ground in 2014.
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