The British Pound against the US Dollar reached 1.2405, having recovered from 1.2353, which was a nine-month low set on Thursday. This represents a decline of 181 pips since the London opening, the largest single-day drop in over two years (1.2507 was the low on December 31). The break below 1.2475 (the low from November/December) triggered Thursday's stop-loss Ask, while strong labor market data from the USA supported the dollar. The Federal Reserve is expected to remain inactive on January 29.