GBP/USD retraces the recent losses that were registered on Thursday, trading higher around the 1.2200 psychological level. However, the pair faced cha
GBP/USD recovers from losses registered after optimistic US economic readings. US headline inflation surpassed the expectations; while jobless claims printed a lower reading than expected. The recent downbeat UK data might have put pressure on the Pound Sterling. llenges due to the optimistic economic data from the United States .
Industrial Production for the same period missed estimates, registering a decline of 0.7% instead of the anticipated 0.2% decline. The prior reading was revised at a 1.1% decline. Although UK Gross Domestic Product for August met expectations at 0.2%, the previous month was revised to 0.6% decline. It's a mixed bag of economic indicators, that failed to impact the sentiment around the British Pound.
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