British Pound / U.S. DollarUpdated Remains depressed below 1.2300, seems vulnerable to slide furthe
According to retail sales data, the United Kingdom experienced a 1.4% decrease in August, compared to the expected -1% and a 3.1% decrease in July. Meanwhile, core retail sales reported a 1.4% decrease in the month, compared to the expected -1.3% and the previous -3.3%.
The GBP/USD is testing the daily low near 1.2270 on the optimistic retail sales data from the UK. It was last seen trading at 1.2272, down 0.16% for the day.
The GBP/USD is testing the daily low near 1.2270 on the optimistic retail sales data from the UK. It was last seen trading at 1.2272, down 0.16% for the day.
Note
good luckNote
The DXY index (which measures the greenback's fluctuations against six major world currencies) traded at 105.4 points.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.