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April 17, 2025

GBP/USD Pulls Back from Six-Month High, Watch the Key Data

The GBP/USD pair has faltered after hitting a six-month high of 1.3292 on Wednesday, experiencing a pullback to around 1.3230 during Thursday’s Asian session. This decline marks the end of a seven-day winning streak for the currency pair. Traders are now awaiting crucial US economic data releases later today, including Building Permits, Housing Starts, the Philadelphia Fed Manufacturing Index, and weekly Initial Jobless Claims. These upcoming indicators will play a significant role in shaping market perceptions and might influence the direction of the GBP/USD in the short term. Keep an eye on these updates as they could redefine trading strategies.

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