The UK’s economy is doing relatively well, which could mean more inflation-taming-hikes. There is political uncertainty in the UK. The price is ranging on the charts. After positive UK retail sales data, the GBP/USD outlook pushed slightly higher on Friday. Retail sales for May came in higher than the expected -0.7% at -0.5%. This data … Continued
The post GBP/USD Outlook: Ranging at 1.2250 as Investors Cautious of Instability appeared first on Forex Crunch.
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