Day: January 19, 2018

Pound Declines Against US Dollar on Weak UK Retail Sales Data

The British pound today declined against the US dollar after the release of weak UK retail sales data for December. The pound initially fell after the retail sales report before rallying higher to new post-Brexit highs after which a downtrend ensued. The GBP/USD currency pair lost over 90 points to decline from a high of 1.3944 to a low of 1.3851 in the early American session. The currency pair started today’s session seesawing between […]