GBP/USD: Cable Eases on Downbeat UK Data, But Needs to Clear Key Supports to Signal Reversal

<p>GBP/USD dips on Friday morning following much bigger than expected drop in UK retail sales, which fell by 3.2% in July after 1.6% drop in June and strongly beating forecast for 2.2% fall. Traders sold pound after downbeat data further boosted fears about the negative impact on the economy, already hit by high inflation and […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/514886-gbp-usd-cable-eases-on-downbeat-uk-data-but-needs-to-clear-key-supports-to-signal-reversal/">GBP/USD: Cable Eases on Downbeat UK Data, But Needs to Clear Key Supports to Signal Reversal</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>