GBP/USD Retreats As Traders Focus On UK GDP Data

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GBP/USD pulled back as traders reacted to the weak UK GDP report.

GBP/USD is losing ground after disappointing GDP report from the UK. GDP declined by -0.1% month-over-month in January, compared to analyst forecast of +0.1%.

If GBP/USD settles below the 50 MA at 1.2900, it will move towards the support level at 1.2810 – 1.2830.

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