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Pound outperforms even the dollar ahead of UK sales data-GBP/USD lifts towards 1.2875
Despite the dollar gaining since yesterday, the best performing major currency since this time yesterday morning has been the Pound. The GBP/USD did briefly slide below 1.28 yesterday afternoon, as the dollar charged higher across the board. However, since then the Pound has lifted back to levels above where it was ahead of the US data releases. One main driver for that has been another lurch lower in the EUR/GBP, but the rise above 189.50 in the GBP/JPY has also been a major driver (more to add on that in the very next update). The other thing to note here this morning; is the GBP/USD is lifting back towards 1.29 ahead of the latest UK retail sales data. Well, no surprise to see that data is expected so show a significant rebound in July. There will be more to add on that a little later, ahead of the release, at 6am GMT. The GBP/USD is currently trading at 1.2870
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