United States Michigan Consumer Sentiment Index above forecasts (70) in January: Actual (78.8)

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GBP/USD drops toward 1.2650 after UK Retail Sales data

GBP/USD drops toward 1.2650 after UK Retail Sales data

GBP/USD is dropping toward 1.2650, under intense selling pressure after the UK Retail Sales dropped more than expected in December. The pair is also feeling the heat from a pause in the US Dollar decline, as sentiment remains tepid ahead of top-tier US data, Fedspeak. 

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