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Feb 12, 2021 08:17 GMTFXStreet News
GBP/USD witnessed some selling for the second consecutive session on Friday.
A softer risk tone underpinned the safe-haven USD and exerted some pressure.
A raft of UK macro releases failed to provide any meaningful impetus to the pair.
The GBP/USD pair maintained its offered tone around the 1.3800 round-figure mark and had a rather muted reaction to the UK macro releases.
The pair extended the previous day’s retracement slide from the vicinity of 34-month tops and remained depressed for the second consecutive session on Friday. A softer tone surrounding the equity markets benefitted the US dollar’s perceived safe-haven status and was seen as a key factor exerting pressure on the GBP/USD pair.