Better Than Expected Claimant Counts In the U.K. Stop the GBP Decline

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In a market characterized by tight ranges and little or no volatility, the British Pound (GBP) stood out of the crowd. Last week it dropped dramatically, with Friday’s selloff sending the EURGBP to almost 0.93 while the GBPUSD nosedived below 1.28. 
This came in the context of GBPUSD trading close to 1.35 at the end of August, which makes the move lower an impressive one. It all started with the U.K. being ready to break…

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