GBP/USD sinks as strong US data, weak UK Retail Sales weigh
The GBP/USD tumbles to a day’s low after clearing the 1.3500 figure, following economic data from the United States (US) that justified the Federal Reserve’s need to maintain its current monetary policy. Conversely, UK Retail Sales disappointed investors after missing the mark. The pair trades at 1.3434, down 0.52%. Read More…
Pound Sterling underperforms as UK Retail Sales, PMI rose moderately
The Pound Sterling (GBP) weakens against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) has reported that Retail Sales grew at a slower-than-projected pace in June. Read More…
GBP/USD softens to below 1.3500 ahead of UK Retail Sales release
The GBP/USD pair extends the decline to near 1.3490 during the Asian trading hours on Friday, pressured by renewed US Dollar (USD) demand. Traders prefer to wait on the sidelines ahead of US President Donald Trump’s tariff deadline and the Federal Reserve (Fed) policy meeting next week. Later on Friday, the release of the UK June Retail Sales report will take center stage. Read More…
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