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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.
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
On Monday, crypto assets stood still…
On Friday, the evergreen buck went down versus other currencies after weaker than anticipated inflation data because market participants worried that the key US bank could decelerate rate lifts…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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