The $GBPUSD price tilted lower after a weekend of chaos at Dover and as investors wait for the upcoming Fed interest rate decision.
The GBP/USD pair moved sideways last week as investors reflected on important economic data from the UK. On Tuesday, the Office of National Statistics published strong jobs numbers as the labor market tightened.
Finally, on Friday, the ONS published weak retail sales numbers. The data revealed that the country’s sales tumbled in June as inflation rose. Flash manufacturing and services PMIs also retreated slightly in July.
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