GBP/USD looks offered and challenges 1.2600 amidst strong US Dollar – by pabspiovano GBPUSD Currencies Majors
The better tone in the Greenback weighs on the risk complex.The British pound, along with the rest of the risk-associated universe, comes under pressure and motivatesGBP/USD retreats for the second consecutive session and pierces the key support at 1.2600 the figure amidst the generalized bearish note Cable in the first half of the week.
In the UK calendar, April releases saw the BRC Retail Sales Monitor increase 5.2% from a year earlier, while the House Price Index measured by Halifax contracted 0.3% MoM and rose 0.1% over the last twelve months. Finally, BBA Mortgage Rate ticked higher to 7.41% .As of writing, the pair is losing 0.09% at 1.2605 and faces the next support at 1.2435 followed by 1.2344 and finally 1.2295 . On the other hand, the surpass of 1.2668 would open the door to 1.2865 nad then 1.3000 .
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