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GBP/USD FALLS INTO FAMILIAR LOWS AS FRIDAY LOOMS WITH KEY UK DATA PRINT

hagijeee
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  • GBP/USD eases back to 1.2650 as Sterling stumbles.
  • UK Retail Sales, PMIs to close off the trading week with a bang.
  • US PMI figures to add onto week’s data prints, expecting to soften.

GBP/USD is poised for a bumper Friday session. Key UK data is due during the European market session, and US Purchasing Managers Index (PMI) activity surveys set to wrap up the trading week. The Bank of England (BoE) held rates at 5.25% this week, with a stubbornly tepid stance on rate cuts that deflated broad-market rate cut expectations.


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