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GBP/USD focus retail sales data


The GBP/USD pair modestly flat at 1.4330, having struck fresh session lows at 1.4320. The cable remains under mild pressure in early Europe as the pound fails to benefit from the persistent risk-off market profile, triggered by the overnight rebound in the oil prices. While markets continue to cheer upbeat US existing home sales data, which weighs further on the GBP/USD pair.

The downside remains capped as sterling finds support from expectations of a minor-rebound in the UK retail sales data due for release in the upcoming session.


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