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.

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