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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
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 […] The post GBP/USD: Cable Eases on Downbeat UK Data, But Needs to Clear Key Supports to Signal Reversal appeared first on Action Forex... Read More
Posted: Aug 18 2023, 08:23
Author Name: actionforex
Views: 111899

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