GBP/USD: The pair declined below 1.26 handle as mixed macro data from the UK weighed down GBP bulls. as mixed macro data from the UK weighed down GBP bulls. Further, firm USD supported by better than expected US retail sales data also added pressure on British Pound, causing pair to struggle hard as it holds fort around mid-1.25 mark. Traders now await US macro data and cues from Fed Chair Powell’s speech for short term profit opportunities.
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