GBP/USD clings to gains around 1.2050 amidst flat USD – by pabspiovano GBPUSD Currencies Majors
UK CBI Distributive Trades surprised to the upside in February.The inconclusive price action around the dollar seems to be enough to spark a humble advance inGBP/USD trades slightly in the positive territory at the beginning of the second half of the week, as the quid appears underpinned by another hawkish message from BoE’s Mann as well as some loss of upside momentum in the buck.
In the UK data space, the CBI Distributive Trades improved to 2 for the current month ahead of Friday’s release of the Consumer Confidence gauged by Gfk for the month of February. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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