GBP/USD – Pound Keeps Rolling After Thumbs Up From BOE

GBP/USD – Pound Keeps Rolling After Thumbs Up From BOE via MarketPulse: GBP/USD continues to post gains on Thursday, as the pair trades in the low-1.66 range in the North American session. The pound has been red hot, climbing 300 points against the dollar in just one week and hitting its highest levels in almost three years. In economic news, US retail sales data weakened in January, while Unemployment Claims disappointed, coming in above the estimate. In the UK, today s sole release, RICS House Price Balance, dropped slightly in January. The markets had little to cheer about on Thursday as all three US key releases disappointed. Unemployment Claims rose to 337 thousand, above the estimate of 331 thousand. This reading comes on the heels of JOLTS Job Openings earlier in the week, which also missed market expectations. Core Retail Sales dropped to 0.0%, a nine-month low. The estimate stood at 0.1%. Retail Sales brought no relief, slipping to -0.4%, short of the estimate of 0.0%
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