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The U.S. Dollar struggles as weak retail sales, Fed policy uncertainty, and Trump’s tariff threats fuel volatility. Can GBP/USD and EUR/USD gain momentum?
The GBP/USD outlook shows additional signs that the US economy is slowing down after retail sales came in below estimates.
The Pound US Dollar (GBP/USD) exchange rate was largely flat on Monday despite the publication of some below forecast US retail sales data.
According to Scotiabank, “The pound’s push higher so far today suggests a retest of last week’s 1.2990 high is developing ahead of a push on to the “real” top of the range at the moment at 1.3035.
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