The British Pound gains against the US Dollar as Fed rate hike expectations fade before key UK economic data.
The GBP/USD pair climbed to 1.3645 in early Asian trading on Friday, extending gains as the US Dollar weakened. The move follows fading expectations of further Federal Reserve rate hikes, reducing support for the USD.
UK Retail Sales data, due later today, is expected to influence the Pound’s near-term direction. Analysts anticipate a modest rebound after last month’s decline, though consensus remains cautious amid broader economic uncertainty.
Markets remain focused on the data release, with potential implications for Bank of England policy expectations.