The Pound Sterling retreats some 0.02% on Friday as the Greenback stages a recovery following Thursday’s intervention day, which weakened the US Dollar Index (DXY) to a 30-day low. At the time of writing, the GBP/USD trades at 1.3458, virtually unchanged.
GBP/USD steadies as improved US sentiment
The US Dollar is headed for one of its worst weeks since the first week of April 2026, poised to finish with losses of over 1.30%. Recently, US economic data revealed that Consumer Sentiment improved, according to the University of Michigan (UoM). The index improved from its preliminary reading of 54.4 to 55.2, while inflation expectations remained…
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