GBP/USD edges higher as mixed US data weighs on Greenback

The British Pound (GBP) gains traction against the US Dollar (USD)on Friday as the Greenback came under pressure following mixed US economic data, with GBP/USD paring most of Thursday’s losses. At the time of writing, the pair is trading near 1.1356 during the American trading hours. Read More…

Pound Sterling rebounds ahead of US Retail Sales, Trump-Putin meet

The Pound Sterling (GBP) recovers to near 1.3560 against the US Dollar (USD) on Friday, paring back some of the losses seen on Thursday, when the US Dollar (USD) bounced back strongly after the United States (US) Producer Price Index (PPI) report for July showed that wholesale prices rose at the strongest pace in three years. Read More…

GBP/USD strengthens to near 1.3550 as US Retail Sales data looms

The GBP/USD pair gathers to around 1.3545 during the early European session on Friday, bolstered by a weaker US Dollar (USD). Additionally, the stronger-than-expected UK economic data underpins the Pound Sterling (GBP) against the Greenback. Markets might turn cautious later on Friday as traders await the release of the US July Retail Sales report. Read More…