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GBP/USD: Fed-BOE divergence hurts, eyes UK retail sales

Corrective rallies remain elusive as monetary policy divergence favors the USD.  Dismal UK retail sales print could push Sterling lower. The GBP/USD has been oversold for three weeks now, according to the 14-day relative strength index (RSI), still the corrective rally remains elusive. The situation is unlikely to improve significantly in the near-term, courtesy of […] The post GBP/USD: Fed-BOE divergence hurts, eyes UK retail sales appeared first on Forex Crunch.

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