The Pound Sterling (GBP) climbed during the North American session following a soft retail sales report that lifted the major from a crucial technical level. Consequently, the Greenback (USD) is on the defensive as the GBP/USD trades at 1.2586, up 0.17%, after jumping off a daily low of 1.2541. Read More…
The Pound Sterling (GBP) rebounds from the day’s low as downbeat United States Retail Sales data for January has improved market sentiment. The US Census Bureau has reported that Retail Sales contracted significantly by 0.8% against the consensus of a moderate decline of 0.1%. In December, the economic data was expanded by 0.6%. The US Dollar Index (DXY) falls vertically to 104.30. Read More…
The GBP/USD pair remains on the defensive above the mid-1.2500s during the early Asian trading hours on Thursday. The pair bounces off the low of 1.2535, but the upside is likely to be limited, backed by the softer UK inflation data. Investors will shift their attention to the UK GDP growth numbers for the fourth quarter (Q4), due on Thursday. At press time, the major pair is trading at 1.2568, gaining 0.03% on the day. Read More…
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