GBP/USD Price Analysis: Subdued despite climbing above 1.2700
The British Pound erases some of its previous losses against the US Dollar and rises some 0.29%, as the GBP/USD aims above 1.2700 after bouncing off a daily low of 1.2674. Data from the United States (US) was cheered by market participants and weighed on the safe-haven peers, like the Greenback. Read More…
Pound Sterling recovers as decline in US Dollar offsets weak UK Retail Sales
The Pound Sterling (GBP) bounces back above 1.2700 against the US Dollar (USD) in Friday’s New York session. Earlier, the GBP/USD pair faced significant pressure after the United Kingdom (UK) Office for National Statistics (ONS) reported a sharp decline in Retail Sales data for April and the US Dollar extended recovery. Read More…
GBP/USD loses its recovery momentum below 1.2700, eyes on UK Retail Sales
The GBP/USD pair loses its recovery momentum near 1.2695 during the early Asian session on Friday. The major pair edges lower after retracing from the recent top around 1.2760 amid renewed US Dollar (USD) demand. Later on Friday, the UK Retail Sales, US Durable Goods Orders, and Michigan Consumer Sentiment Index will be due. Read More…
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