Pound Sterling Price News and Forecast: GBP/USD remains mildly offered
GBP/USD sellers poke 1.1200 support with scrutiny on UK politics, Retail Sales
GBP/USD takes offers to renew intraday low near the 1.1200 support confluence as traders await the UK Retail Sales during early Friday. Other than the pre-data jitters, the political crisis in Britain also weighs on the Cable pair amid upbeat US Dollar Index (DXY) and firmer US Treasury yields.
Pound up as UK looks forward to another change of government
The pound has risen following Liz Truss’ decision to resign, while stocks have taken heart from better earnings and moved higher. “Equities have staged a recovery after a lacklustre morning session, helped along by fresh good news in the shape of earnings from AT&T and American Airlines.