The cable was expected to perform an impressive rally on Friday, as GDP report was projected to show the economy is now the fastest growing economy among other G7 members.
It seems that the EUR/USD currency pair found a strong support around a recent low at 1.3431, as even despite stronger-than-expected data from the United States was not able to provide a massive boost to the most traded currency pair.
Despite the fact the most traded currency pair closed on Wednesday and Thursday unchanged, it was stuck at the lowest level in eight months on Friday, trading around 1.3449.
Over the last week markets were more active that 5 days earlier, with the market volatility entering the turbulence zone for 27% of the time, versus 22% a week ago.
With a surprise for some analysts the RBNZ raised the official cash rate further, however, signalled a pause in interest rate hikes in order to assess the impact of monetary policy to date.
The Japanese Yen was still trading around 101.48 against the Greenback on Thursday, neglecting trade figures from the world's third largest economy.
Investors still bet on a rally on the Cable by the end of this week, as Friday's GDP report is likely to add more pressure on the Bank of England to start raising rates sooner-than-excepted.
During the last testimony Janet Yellen pointed out that the world's largest economy still requires a support from its central bank.
Both services and manufacturing sectors in the 18-nation bloc in July expanded, meaning confidence strengthened significantly.
Earlier we have claimed that inflation report will have a muted impact on the RBA's assessment of the domestic economy.
Haruhiko Kuroda's path in beating deflation is moving to its end.
The Cable is trading comfortably above 1.70-mark, while the Sterling together with the Aussie and Kiwi were the top three performers among nine major currencies over the last 130 trading days.
Two times per year central bank's chairman or chairwoman gives Fed's assessments of the economic state to Congress and it is a perfect time to find out what the Fed thinks about the world's largest economy.
The Russian economy is on the brink of recession even before the U.S. announced fresh sanctions.
Speculations about any adjustment of the monetary policy by the Reserve Bank of Australia any time soon have already been extremely low.
According to the latest minutes from the Bank of Japan, policymakers are determined to keep the current pace of the monetary policy for the foreseeable future, meaning the stimulus programme that was launched in April 2013 is far from its conclusion.
It seems that not everything is perfect in the U.K.
Inflation data from the world's largest economy was not expected to provide a significant impact on financial markets.
Since November 2013, when Mario Draghi slashed the minimum bid rate to 0.25% expectations for a fresh easing have been heating up till June 2014.
The NZD/USD currency pair bounced back from monthly PP at 0.8654 and was trading close to weekly pivot around 0.8726 at the beginning of this week.
Consumer prices account for a majority of overall inflation and represents a high importance for the central bank.
After trading in boundaries of the double top pattern for almost a month, the cable penetrated the lower boundary last Friday and is now trading around 1.7078.
Everyone starting from the ordinary U.S. consumer and up to the Federal Reserve is hoping the second quarter growth will surprise markets to the upside and will be able to offset first quarter's nightmare.
The single European currency advanced 0.15% on Monday and was changing hands around 1.3539 at the time of writing, erasing some of the losses that were logged during the last 20 trading days.