On Thursday, the Great Britain Pound (GBP) fell against the US Dollar ( USD), reducing the pair’s price to less than 1.3300.

Although, before this fall, the pair GBP/USD was running on the progressive stage by continuously showing the bullish green candle on the graph. 

Hence, this recent fell is assumed to be temporary, and one more justification for this is, the higher high lift in the last upside wave of the pair GBPUSD suggests that the technical bias might remains bullish for a while.

Now, talks about today’s drop, which might be happening because of the positive results of Jobless Claims and the Philpedia Manufacturing Survey, which comes out today.

The US Department of Labor released Counting Jobless Claims, which as compared to the last month’s data, falls from 6.801 M to 6.372 M this month.

The Counting Jobless Claims analyses the number of unemployed people who are seeking unemployment benefits at the moment. It shows the resilience of the job market. An increase in this measure hurts consumer spending that is deterring economic growth. Generally speaking, rising numbers indicate warning conditions and suggest a bearish market for the GBPUSD pair ahead and vice versa.

And, then the Philadelphia Fed Survey beat up the economist’s prediction of 22 and remained at 26.1.

This survey cause development in the manufacturing sector, is linked to the ISM (Institute for Supply Management) Manufacturing Index and the Industrial Production Index. An above-the-expectations reading is good for the USD.

Conclusion

Given the pair’s micro-macro-economic performance over the past few days, it might deliver some fast short-term gains by selling it around the current levels.