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GBPUSD: Mid-Term Analysis & Short Term Forecast

British pound sterling gave ground to a firming US dollar and also slipped relative to other major currencies in early European trade on Tuesday after government data showed the UK labor market softening again in April.

GBPUSD was quoted 0.04% lower around 1.2721 after falling from overnight highs around 1.2740 after the Office for National Statistics said employment fell by 139,000 in April, pegging the unemployment rate at 4.4% versus 4.3% previously.

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