The U.S. Dollar dipped in immediate response to weaker-than-expected US jobs data. UK local election results had little impact, but GBP/USD was unable to sustain gains even with the tailwind of a fresh record high for the FTSE 100 index. The Pound also registered wider losses ahead of next week’s Bank of England policy decision. The Pound to Dollar (GBP/USD) exchange rate hit 3-week highs at 1.2635 before a retreat to 1.2565 while the Pound to Euro (GBP/EUR) exchange rate retreated to 1-week lows below 1.1670. Scotiabank notes positive GBP/USD signs; net gains on the week (so far) add to the GBP-positive momentum ... (full story)