GBP/USD reaches its highest since early September, trades around 1.2630

Share: GBP/USD maintains its upward trajectory on a hawkish BoE tone. BoE Governor Andrew Bailey mentioned the challenge of bringing inflation back to the 2% target. US New Home Sales dropped by 5.6% at 679K against the market consensus of 725K in October. GBP/USD reached its highest level since early September, touching the

Canada retail sales for September 0.6% vs 0.0% estimate

Canada retail sales Prior month -0.1% (they were expecting -0.3%) The September advance estimate was 0.0% Retail sales for September 0.6% vs 0.0% est. Ex auto 0.2% vs -0.2% est. Prior month ex auto, +0.1% Ex auto and gas -0.3%% vs -0.3% last month October advanced estimate 0.8% Retail sales were up in 4 of

United States Business Inventories meets forecasts (0.4%) in September

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Cable stretches to the highs since September, rising 150 pips

GBPUSD daily Cable may have found a bottom. The US dollar has sold off broadly today but the pound is taking particular advantage, up 150 pips to 1.2349. It’s the best gain since a powerful stretch of gains in early June. That series of gains is a reminder that the pair can run when it