GBP/USD subdued near 1.3190 despite UK retail sales beat
The British pound remains under pressure against the US dollar on Friday, trading around 1.3190, even after UK retail sales data came in above expectations.
GBPUSD
GBP/USD is trading around 1.3190 during early European hours on Friday, marking a third consecutive day of subdued action. The British pound pared some of its daily losses after the release of UK retail sales figures, which beat market forecasts.
Despite the better-than-expected data, the pound remains in negative territory against the dollar. Traders are weighing the implications of the retail sales surprise against broader macroeconomic headwinds.
Source: FXStreet Forex News