GBP/USD DROPS AFTER MIXED UK RETAIL SALES, RISK AVERSION

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  • GBP/USD falls 0.48% to 1.2376, influenced by rising geopolitical risks and statements from major central banks.
  • Bank of England's Deputy Governor comments on inflation risks fail to support Sterling as it hits new lows.
  • Mixed economic data from the UK with stagnant retail sales in March, contrasting with modest annual growth.

The Pound Sterling tumbles against the US Dollar during the mid-North American session after a volatile trading day due to an escalation of the Israel-Iran conflict. Major central bank speakers led by the Bank of England (BoE) and the Federal Reserve (Fed), continued to set the tone for the financial markets. The GBP/USD trades at 1.2376, down 0.48%.


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