GBP/USD rises on robust UK retail sales despite mixed US data – Crypto News – Crypto News
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GBP/USD rises on robust UK retail sales despite mixed US data – Crypto News

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The Pound Sterling rises during the mid-North American session on Friday, trading at 1.2617, gaining 0.14% at the time of writing. Economic data from the United States (US) briefly capped the upside, but a stronger-than-expected UK retail sales report bolstered the GBP/USD pair for the second straight day. Read More…
The GBP/USD pair remains capped below the 1.2600 psychological mark during the early European session on Friday. The upbeat UK Retail Sales data failed to boost the Pound Sterling (GBP) as investors are still concerned about the UK growth numbers for Q4, which indicated that the UK economy entered a technical recession. GBP/USD currently trades near 1.2590, losing 0.04% on the day. Read More…

 

The GBP/USD pair continues with its struggle to find acceptance or build on the momentum beyond the 1.2600 mark and meets with some supply during the Asian session on Friday. Spot prices currently trade around the 1.2585 region, down less than 0.10% for the day, and remain on track to register modest weekly losses. Read More…

 

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