GBPUSD struggles to regain 1.1900 ahead of UK inflation, US Retail Sales – by anilpanchal7 GBPUSD Inflation RetailSales CentralBanks RiskAppetite
able pair’s latest inaction could be linked to the mixed feelings surrounding Russia and the cautious mood ahead of the key data from the UK and the US.
It should be noted that the downbeat employment data from the UK failed to tame the GBPUSD bulls amid the softer US Producer Price Index . That said, UK’s Claimant Count Change increased to 3.3K versus -12.6K forecasts and 25.5K prior whereas the Unemployment Rate rose to 3.6% while surpassing the market consensus and prior readings of 3.5%. On the other hand, US PPI for October eased to 8.0% YoY versus market forecasts of 8.3% and the downwardly revised prior of 8.4%.
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