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GBP/USD retreats below 1.3000 in the European morning following the UK jobs data, which showed that the ILO Unemployment Rate held steady at 4.4% in the three months to January. Investors await the Bank of England's monetary policy announcements.
Global economic news was mixed for crude prices. On the positive side, the US Fed held rates steady, lowered growth projections, raised inflation targets, and increased unemployment figures. Most importantly,