GBP/USD Weekly Perspective: The sterling pound looks north before the United Kingdom Employment and Inflation Test
The sterling pound (GBP) extended the recovery from minimum of 14 months against the US dollar (USD) since the GBP/USD torque recovered the 1,2500 threshold.
The main catalyst behind the continuous rebound of the GBP/USD torque was the correction sustained in the US dollar against its main rivals. The reciprocal tariff plan of the US president, Donald Trump, and the moderate expectations of the US Federal Reserve (Fed). , he maintained his hard line rhetoric in his testimonies before Congress. Read more…
GBP/USD remains on positive terrain above 1,2550 due to the weakest retailer sales data from the USA.
The GBP/USD pair operates with slight profits about 1,2585 during the Asian session on Monday. The torque moves upwards in the middle of the optimistic report of the Gross Domestic Product (GDP) of the United Kingdom and the weakest data of US retail sales of the US market will be closed on Monday by the president’s holiday.
The US retail sales registered the greatest drop in almost two years, dragging the dollar down. Retail sales fell 0.9% in January after an increased increase of 0.7% in December, the Office of the Census of the Department of Commerce reported on Friday. This figure was weaker than the estimation of a 0.1%drop. In annual terms, retail sales increased 4.2% during the same informed period. 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.
