The Pound Sterling (GBP) rises by some 0.40% on Friday as a batch of US data supports a Federal Reserve (Fed) dovish stance, with consumer sentiment deteriorating while the disinflation process showed further progress. The GBP/USD pair trades at 1.3545 after hitting a three-month high of 1.3561 earlier in the day.
GBP/USD climbs as soft US spending and sentiment boost Fed hold bets
In the week, GBP/USD is poised to finish the week in the green. The US Dollar Index (DXY), which measures the buck’s performance against six currencies, is down 0.40% to 99.54, set to end near weekly lows as traders price out Fed interest rate hikes.
US July Retail…
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