GBP/USD jumps above 1.3540 on UK retail sales, PMIs surprise higher
The GBP/USD currency pair rose more than 0.31% during the North American session on stronger-than-expected retail sales and PMI data, even as the dollar pared losses after an upbeat consumer sentiment report. The pair is trading at 1.3542 after rebounding from daily lows of 1.3482. Read more…
Sterling performs better following sturdy UK retail sales and PMI data
The pound sterling (GBP) is rising strongly against its major currencies, jumping to near 1.3536 against the US dollar (USD), after preliminary data for January’s UK S&P Global Purchasing Managers’ Index (PMI) came in stronger than expected and retail sales returned to growth in December. Read more…
GBP/USD is rising as US-EU trade de-escalation increases risk appetite
The GBP/USD currency pair is rising in the North American session on Thursday as risk appetite improves following the de-escalation of the trade war between the United States and Europe. Meanwhile, investors are disregarding sturdy data from the US, which, despite signaling the strength of the economy, did not strengthen the US dollar (USD). At the time of writing, the pair was trading at 1.1357, up 0.24%. Read more…
