Pound US Dollar (GBP/USD) Exchange Rate Bolstered by Optimistic Picture for UK Retail Sector

Pound US Dollar (GBP/USD) Exchange Rate Bolstered by Optimistic Picture for UK Retail Sector

March 27, 2023 – Written by John Cameron

Pound US Dollar (GBP/USD) Exchange Rate Rises as UK Retail Data Surprises to the Upside

The Pound US Dollar (GBP/USD) exchange rate climbed on Monday amid a risk-on market mood. Optimistic UK retail sector data prompted gains in the pairing.

Bets on a softer pace of rate hikes from the Federal Reserve added to GBP/USD’s upward…
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