GBP/USD hits 15-month maximum on firm UK data

GBP/USD hits 15-month maximum on firm UK data

On Wednesday, the British pound re-approached recent 15-month maximum versus the greenback, underpinned by sturdy British retail sales data. Meanwhile, caution ahead of the Fed’s approaching policy verdict maintained downward pressure on the US currency.

The currency pair GBP/USD ascended 0.64% being worth 1.3589, re-approaching Monday's 15-month maximum of 1.3620.

The UK currency leapt after on Wednesday the UK Office for National Statistics announced that August retail sales surpassed forecasts, adding 1%.

The British pound had been suppressed after BoE Governor Mark Carney told on Monday that Brexit will affect overseas trade and breaking up with the EU was already restricting the potential size of the British economy.

Carney also added that interest rates will probably leap in the nearer months, repeating what was told at the BoE's latest policy gathering and had already underpinned the UK pound.

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera