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Jun 18 - 03:55 AM

GBP/USD - Plumbs New Six-Week Low On Negative UK Retail Sales

By Rob Howard  —  Jun 18 - 02:20 AM
  • Cable falls to 1.3888 after unexpectedly negative UK May retail sales number

  • Down 1.4% MM vs +1.6% f/c nL9N2LG01Z. 1.3888 is lowest level since May 6

  • 1.3896 was Thursday's low, after USD soared on hawkish Fed dot plots

  • See: nL2N2NZ0XX. GBP/USD was at 1.41 when the dot plots were published

  • LibDems unexpectedly win Chesham and Amersham from Tories in by-election

  • Leader of N.Ireland's DUP steps down after just three weeks nL2N2NZ0U6

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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