GBP/USD – Strong Gains After Positive US Unemployment Claims

From marketpulse.com

GBP/USD has posted strong gains as the pair trades in the mid-1.64 range in the North American session. Trade has been light as British markets are closed for the Boxing Day holiday. In the US, Unemployment Claims dropped fell to 336 thousand. US Unemployment Claims dropped sharply on Thursday. The indicator fell to 338 thousand, down from 379 thousand in the previous release. The estimate stood at 346 thousand. The sharp reading was a dramatic reversal from numbers over the past two weeks, which were much higher than the forecast. With the Federal Reserve poised to begin its long-awaited QE taper next month, ... (full story)