The British pound rebounds ahead of UK retail sales data, erasing losses despite geopolitical tensions capping gains.
The GBP/USD pair climbed to 1.3325 during Asian trading hours, ending a five-day losing streak. The recovery comes as traders await UK retail sales figures, which could influence Bank of England policy expectations.
Prior to the rebound, the pound had fallen amid broader USD strength and concerns over Middle East tensions. Analysts note that while the uptick reflects short-term positioning, sustained gains may hinge on upcoming economic data.
Market reaction remains cautious, with traders balancing retail sales optimism against geopolitical risks.