GBP/USD shoots above 1,3500 to a maximum of three years for strong retail sales of the United Kingdom and the weak US dollar
The sterling pound (GBP) rises drastically against the US dollar (USD) to its highest level in three years on Friday. The torque has generally contributed upwards during the last five days, with the GBP/USD breaking over 1,3500 to quote around 1,3538, climbing almost 0.80% at the time of writing during the American session. The increase in cash prices is mainly attributed to a weak US dollar in general and a stronger retail sales data (UK) stronger than expected. Read more…
The sterling pound progresses as the United Kingdom retail sales data exceed estimates
The sterling pound (GBP) surpasses its peers, except antipodeans, during European negotiation hours on Friday after the publication of retail sales data from the United Kingdom (UK) for April, which were stronger than projected. Read more…
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 of the United Kingdom (UK), which was better than expected. The operators expect the retail sales data of the United Kingdom, scheduled to be published later in the day, anticipating a monthly drop for the third consecutive period in April. 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.
