UK Retail Sales

Fx Rate

GBP/USD Rises on Strong Retail Sales

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GBP/USD rose following the acceleration of BRC Like-For-Like Retail Sales growth to 1.0% YoY in September, surpassing market expectations. Tensions in the Middle East, coupled with increasing rate expectations, persist in enhancing demand for the safe-haven US Dollar. Markets are poised for the release of crucial US inflation data and speeches from Federal Reserve officials, … Read more

FX Rate News

GBP/USD Rises as Fed Rate Hike Bets Fade

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GBP/USD strengthens to approximately 1.3645 in the early Asian session on Friday. A disappointing US jobs report and softer inflation data have tempered expectations for a more stringent monetary policy from the Federal Reserve. The Bank of England is anticipated to maintain interest rates for the rest of the year. The GBP/USD pair exhibits resilience … Read more