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Aug 20 - 07:55 AM

GBP/USD - Holds Close To One-Month Low After UK Data Miss

By Rob Howard  —  Aug 20 - 06:04 AM
  • Cable holds close to 1.3609 having fallen over 2.5 cents since Monday

  • 1.3609 was one-month low after UK retail sales fell unexpectedly in July

  • See: nL8N2PR0ZO. Risk aversion has fuelled this week's GBP losses

  • Global shares hit nL8N2PR1RB. USD viewed as ultimate safe-haven currency

  • Fed Chair Powell to speak on 'economic outlook' next week nL1N2PQ2QP

  • Fortress mulls options after Morrisons agrees rival takeover nL8N2PR1CX

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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