GBP/USD bounces above 1,3450 towards maximum 39 months, retail sales of the United Kingdom are observed
The GBP/USD records profits of approximately a quarter percentage point in the Asian hours of Friday, quoting around 1,3450 at the time of writing. The torque advances as the sterling pound (GBP) attracts buyers after the publication of the GFK consumer confidence index for the United Kingdom (UK), which was better than expected. Operators expect retail sales from the United Kingdom, scheduled to be published later in the day, anticipating a monthly drop for the third consecutive period in April.
On Friday, the United Kingdom consumer confidence index rose 3 points to -20 in May, better than the expected reading of -22 and reversing the reading of -April. However, the feeling of the consumer remains cautious, since the index remains well below its long -term average. Read more…
GBP/USD is flattened before retail sales from the United Kingdom
The GBP/USD remained stable on Thursday, marking an adjusted circle just north of the 1,3400 zone, since the feeling of the global market suffers collateral effects of a recent concern that crossed the treasure yields this week. Investors focus on the growing debt problems in the United States (USA), which are about to receive a new injection (in the wrong address) as the draft fiscal and budgetary law “large and beautiful” of President Donald Trump advances in Congress.
Retail sales of the United Kingdom (UK) are ahead of this week’s key publication. Retail sales from the United Kingdom are expected to show a third consecutive monthly fall, with medium -sized market forecasts prepared for a 0.2% MOM drop from 0.4% in March. Annualized retail sales are expected to increase 4.5% yoy from 2.6%, but the sterling pound operators will be more attentive to deceleration at the front end of the curve. Read more…
GBP/USD remains above 1,3400 while the US PMI strength compensates for tax concerns
The sterling pound (GBP) is browsing a volatile price action against the US dollar (USD) on Thursday, staying above the 1,3400 psychological brand to quote about 1,3410 during the American session, while the operators digest the latest business activity data on both sides of the Atlantic. The pair shows signs of indecision after going back from a maximum of three years of 1,3468 reached on Wednesday.
On the other hand, the index of the US dollar (DXY), which tracks the value of the US dollar compared to the six main currencies, is showing a slight recovery from the minimum of two weeks, ending its three -day fall to quote just below the 100.00 mark. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
