Weak UK Retail Sales Data Drives GBP/USD Lower as Consumer Spending Declines
The Pound Sterling (GBP) retreated after the UK Office for National Statistics (ONS) reported weak Retail Sales data for September.
Read MoreThe Pound Sterling (GBP) retreated after the UK Office for National Statistics (ONS) reported weak Retail Sales data for September.
Read MoreThe GBP/USD pair is struggling to gain momentum on Thursday, it’s hovering near the lower end of a one-week trading range as it awaits a new catalyst before making a significant move.
Read MoreThe US Dollar (USD) had been doing well recently after the US Consumer Price Index (CPI) report, but now it's not so strong at the beginning of the week. This is affecting the USD/JPY pair. Some Federal Reserve (FED) officials have suggested that the FED might delay raising interest rates in November because treasury bond yields have gone up a lot, making it harder for people to borrow money.
Read MoreThe GBP/USD pair rebounded from losses driven by positive US economic data.
Read MoreThe Pound Sterling (GBP) continues to hold its ground in spite of weak UK factory data for August.
Read MoreThe pound is maintaining its gains just below 1.2300, after stepping back from a nearly three-week high of 1.2304 level.
Read MoreThe British pound has maintained relative stability, hovering around the mid-1.2200 level.
Read MoreThe Pound Sterling (GBP) faced a sell-off due to the Israel-Hamas conflict, causing a drop in the GBP/USD pair.
Read MoreThe Pound Sterling (GBP) is facing challenges as it hovers around 1.2196 due to uncertainty regarding the UK's economic outlook.
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