{"id":233362,"date":"2024-01-21T12:40:47","date_gmt":"2024-01-21T07:10:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=233362"},"modified":"2024-01-21T12:40:47","modified_gmt":"2024-01-21T07:10:47","slug":"gbp-usd-dips-as-uk-retail-sales-plummet-raising-recession-concerns-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-dips-as-uk-retail-sales-plummet-raising-recession-concerns-crypto-news\/","title":{"rendered":"GBP\/USD dips as UK Retail Sales plummet, raising recession concerns &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<div>The Pound Sterling (GBP) slumped against the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">US Dollar<\/a>\u00a0(USD) after the Office for National Statistics (ONS) revealed that retail sales plunged sharply, which could deter the Bank of England (BoE) from keeping policy tight without tapping the economy into a recession. Mixed data from the United States (US) sponsored a leg-down in the major, as the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">GBP\/USD<\/a>\u00a0exchanged hands at 1.2687 after hitting a daily high of 1.2714. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-dips-as-uk-retail-sales-plummet-raising-recession-concerns-202401191843\">Read More&#8230;<\/a><\/div>\n<div><\/div>\n<div>The Pound Sterling (GBP) falls sharply as the United Kingdom Office of National Statistics (ONS) reports\u00a0downbeat Retail Sales data for December. UK\u00a0household spending contracted\u00a0significantly as individuals faced the heavy burden of higher interest\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a>\u00a0and consumer price inflation, which deepened\u00a0the cost-of-living crisis. A sharp decline in high street sales would have been expected to\u00a0ease pressure on the\u00a0stubbornly high inflation outlook but in the end it was\u00a0insufficient to move the needle. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-falls-sharply-on-weak-uk-retail-sales-data-202401190736\">Read More&#8230;<\/a><\/div>\n<div>The\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">GBP\/USD<\/a>\u00a0pair ticks higher for the third successive day on Friday and looks to build on this week&#8217;s goodish bounce from sub-1.2600 levels, or its lowest level since December 13. Spot prices currently trade just above the 1.2700 round figure, flirting with the 200-hour Simple Moving Average (SMA). <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-price-analysis-seems-poised-to-appreciate-further-awaits-uk-retail-sales-data-202401190441\">Read More&#8230;<\/a><\/div>\n<div><img decoding=\"async\" alt=\"fxsoriginal\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/GBP_USD%20-%202024-01-19T100955.013-638412360058993605.png\" \/><\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Pound Sterling (GBP) slumped against the\u00a0US Dollar\u00a0(USD) after the Office for National Statistics (ONS) revealed that retail sales plunged sharply, which could deter the Bank of England (BoE) from keeping policy tight without tapping the economy into a recession. Mixed data from the United States (US) sponsored a leg-down in the major, as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,252,247,253,791,249,308,256,254],"class_list":["post-233362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-retailsales","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/233362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=233362"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/233362\/revisions"}],"predecessor-version":[{"id":233364,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/233362\/revisions\/233364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9633"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=233362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=233362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=233362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}