GBP/USD gathers strength near 1.3645 in Friday's early Asian session, trading near 1.3650, ahead of UK July retail sales.
GBP/USD gathers strength near 1.3645 in Friday’s early Asian session, trading near 1.3650. That is the FXStreet 01:55 UTC stamp. The pound is firmer as the dollar softens on fading bets for an immediate Fed hike.
GBP/JPY stays the live cross tape. Friday’s dollar index is the live DXY tape.
July UK retail sales have not printed. Economists on that page project a 0.5% month-on-month decline after 1.0% in June. That is the preview. It is not the release.
The same page reprints CME FedWatch at a 64% chance the Fed holds in September and a 36% chance of a hike. A Reuters poll, as reprinted there, has the Bank of England leaving Bank Rate at 3.75% for the rest of the year.
Charu Chanana, chief investment strategist at Saxo, said higher Treasury yields do not necessarily underpin the dollar if investors read the move as fiscal risk, heavier government borrowing, or persistent inflation rather than stronger US growth or tighter policy.
Live sterling is on prices. The retail-sales stamp sits on the economic calendar.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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