💷 Pound Sterling Price News & Forecast 💹
🔹 GBP/USD Regains Positive Traction 🔹
✅ GBP/USD climbs above mid-1.2600s, nearing a two-month high reached last Friday 📈
✅ USD weakness fuels the pair’s momentum amid fresh selling pressure on the Greenback 💵
✅ UK Retail Sales & Services PMI provide strong support for the British Pound 🇬🇧
📊 Key Market Drivers:
🔸 US Dollar (DXY) at lowest since Dec 10 amid concerns over consumer health 🏦
🔸 Walmart’s weak sales forecast raises doubts about US consumer spending 🛒
🔸 Concerns over Trump’s tariffs impacting inflation & economic growth in the US 🇺🇸
🔸 UK Retail Sales surged 1.7% MoM in January, bouncing from a previous decline 📊
🔸 UK Services PMI rises to 51.1, showing resilience in the service sector 📈
💡 Outlook: Despite the Bank of England’s cautious stance, the GBP/USD remains on an upward trajectory, suggesting potential for further gains in the near term 🚀
