Sterling Vulnerable as Weak Data and Yield Divergences Weigh
GBP/USD traded lower on Thursday, slipping to 1.2176 before recovering to 1.2260 after dovish remarks from Fed Governor Waller lent support. Earlier, soft UK GDP and output data exacerbated concerns over the UK economy’s fragility, while mixed U.S. retail sales and claims data tempered Treasury and gilt yield rises. The pound’s decline from its recent highs […]