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May 20 - 02:55 AM

GBP/USD - Rises Towards 1.25 On UK Retail Sales Data Beat

By Rob Howard  —  May 20 - 02:20 AM
  • Cable climbs to 1.2493 on much better than expected UK April retail sales

  • Up 1.4% MM vs -0.2% f/c nS8N2W30BI. 1.2493 = intra-day high

  • 1.2532 was Thursday's two-week high, as lower UST yields weighed on USD

  • See: nL2N2XB247. 1.2438 = ensuing low (1.2438 was Thursday's Ldn am high)

  • BoE chief economist Pill due to speak in Wales at 0730 GMT nL2N2XB11C

  • If Fed has to choose, markets could get much uglier nL8N2AZ61B

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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