GBP lags G10 FX for the second day but the reasons for the weakness remain elusive

BY admin admin

Better retail sales shrugged off
UK retail sales rose 10.2% in May excluding auto fuel, which was well-above the +4.1% consensus. That did little for the pound and it remains down 40 pips on the day to 1.2384.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

GBPUSD moves back down to test April midpoint level

Can the broken 50% hold? The GBPUSD is moving back down after testing a swing area in the 1.25137-214 area and reversing.  The price is now retesting the 50% retrac

Forex

GBPUSD: Elliott wave analysis and forecast for 25.09.20 – 02.10.20

Main scenario: consider long positions from corrections above the level of 1.2667 with a target of 1.3016 – 1.3318. Alternative scenario: breakout and consolidation below the level of 1.2667 will allo

Forex

Crude all prices settle at $77.17

<p>US crude futures settle at $77.17. That's up $1.43 or 1.89% on the day.</p><p>For the trading week, oil prices are trading up around 2.07%</p><p>The high for the

Copyright © 2024 | WordPress Theme: Xews Lite