The Pound Sterling (GBP) remains on the defensive vs. the US Dollar (USD) after data from the United Kingdom showed wages are decelerating. That and a solid Retail Sales report in the United States (US) weighed on Sterling. Therefore, the GBP/USD dipped below 1.2200, a loss of 0.25%. Read More…
The Pound Sterling (GBP) rebounded as investors digested the soft wage data, which dampened the outlook for consumer spending and increased the chances of another pause by the Bank of England (BoE) at its November monetary policy meeting. The GBP/USD pair remains on the back foot after stronger-than-expected US Retail Sales data added to evidence of strength in the US economy, lifting the US Dollar (USD) and weighing on the pair. Read More…
GBP/USD retraces the recent gains registered in the previous session, trading lower around 1.2200 during the Asian session on Tuesday. The pair moves in consolidation possibly due to the market indecision about the trajectory of the US Federal Reserve’s (Fed) monetary policy. Read More…
