GBP/USD slides to its lowest level since November, eyes 1.2400 ahead of UK jobs data.
The GBP/USD pair drifts lower for the third straight day on Tuesday – also marking the fourth day of a negative move in the previous five – and drops to its lowest level since November 17 during the Asian session. Spot prices currently trade around the 1.2420 region.
We could see some daily retracement would come in play before price head any lower!