GBP/USD - Pound to Dollar

Christopher Lewis

Jan 17, 2020

The British pound went back and forth during the course of the week, as we get a lot of push back and forth from both buyers and sellers. The Friday session had a very poor retail sales figure release, and that of course weighed upon the market.

Christopher Lewis

Jan 17, 2020

The British pound pulled back after initially trying to rally during Friday as the retail sales numbers were miserable in the United Kingdom. That being said, we are still very much in an uptrend and it will be interesting to see whether or not we can continue.

Jignesh Davda

Jan 17, 2020

Retails sales in the UK were much worse than analysts expected, fueling rate cut expectations and putting Sterling under pressure.

Chris Svorcik

Jan 17, 2020

GBP/USD showed a bullish bounce at the 88.6% Fibonacci retracement level and also made a bullish breakout above the resistance trend line

Kenny Fisher

Jan 17, 2020

The British pound is steady, but could receive a boost if retail sales delivers a solid gain (release on Friday at 9:30 GMT). The story of the week has been the Chinese yuan, which has climbed to a 7-month high against the U.S. dollar.