GBP/USD dips on sour sentiment, soft UK retail sales
[ad_1] Share: GBP/USD retreats from daily highs and losses for the second day in the week but remains set to finish the week on a higher note. Retail Sales in the United Kingdom (UK) were softer, but most data supports the Bank of England’s (BoE) case for a rate hike at its upcoming meeting. The
کد خبر : 390020
تاریخ انتشار : جمعه ۲۷ مرداد ۱۴۰۲ - ۲۱:۱۷
![GBP/USD dips on sour sentiment, soft UK retail sales GBP/USD dips on sour sentiment, soft UK retail sales](https://shmi.ir/wp-content/uploads/2023/08/GBPUSD-dips-on-sour-sentiment-soft-UK-retail-sales-300x190.jpg)
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GBP/USD retreats from daily highs and losses for the second day in the week but remains set to finish the week on a higher note. Retail Sales in the United Kingdom (UK) were softer, but most data supports the Bank of England’s (BoE) case for a rate hike at its upcoming meeting. The GBP/USD is trading at 1.2740 after hitting a daily high of 1.2766. Read More….
![GBP/USD Daily chart](https://shmi.ir/wp-content/uploads/2023/08/GBPUSD-dips-on-sour-sentiment-soft-UK-retail-sales.png)
The GBP/USD pair struggles to gain any meaningful traction on Friday and oscillates in a narrow range below a one-week high, around the 1.2785 region touched the previous day. Spot prices currently trade around mid-1.2700s, nearly unchanged for the day and holding steady around the 23.6% Fibonacci retracement level of the recent downfall from a 15-month peak touched in July. Read More…
![fxsoriginal](https://shmi.ir/wp-content/uploads/2023/08/1692380842_356_GBPUSD-dips-on-sour-sentiment-soft-UK-retail-sales.png)
The GBP/USD pair gains momentum and surges above mid-1.2750s during the early Asian session on Friday. The major pair currently trades near 1.2761, up 0.11% for the day. The strengthening of the Pound Sterling is bolstered by the inflation report and the probability of further interest rates by the Bank of England (BoE). Read More…
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برچسب ها :dips ، GBPUSD ، retail ، RetailSales ، sales ، Sentiment ، Soft ، sour ، Technical analysis ، UnitedKingdom
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