GBP/USD pares revenues on dismal UK data

GBP/USD pares revenues on dismal UK data

On Friday, the British pound pared revenues versus the greenback, after the publication of dismal British retail sales affected optimism over the strength of the British economy. However, the overall weakness in the US currency kept the pair close to one-and-a-half year maximums.

The currency pair GBP/USD rallied 0.13% being worth 1.3915, which is off session peaks of 1.3941 and also not far from Wednesday's one-and-a-half year maximum of 1.3944.

The UK currency dropped after Friday’s data revealed that British retail sales went down much more than anticipated in December.

On Thursday, French President Emmanuel Macron told that if Great Britain is concerned with accessing the single market, it’s going to be bound to contribute to the EU budget and adhere to European jurisdiction.

Meanwhile, market sentiment on the US currency was still vulnerable because on Thursday American lawmakers didn’t manage to agree on a federal budget deal, driving worries of a government shutdown this weekend.


Latest news

Deposit with your local payment systems

Learn more


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

Beginner Forex book will guide you through the world of trading.

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