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GBP/USD Price Hits Multi-Month Lows amid Downbeat UK Retails Data

Started by forex4you, Apr 23, 2022, 11:41 am

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Apr 23, 2022, 11:41 am
GBP/USD Price Hits Multi-Month Lows amid Downbeat UK Retails Data

GBP/USD fell aggressively on Friday, reaching its lowest level since November 2020. Disappointing retail sales data in the UK weighed heavily on sterling, adding to the already solid US dollar buying. Further bearish momentum was accelerated by technical selling below the round number of 1.3000. In the first half of the London session, the GBP/USD … Continued


The post GBP/USD Price Hits Multi-Month Lows amid Downbeat UK Retails Data appeared first on Forex Crunch.


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