GBP/USD: Pound At 2 Month High vs Dollar On Brexit & Retail Sales

The Pound Euro (GBP/EUR) exchange rate is edging lower after two consecutive winning sessions.

The Pound pushed higher in the previous session boosted by positive Brexit news and hopes that the lockdown restrictions may be lifted sooner.

UK retail sales are expected to show 1.5% MoM in May after surging 9.5% in April.

The Euro continued to fall under pressure from the surging US Dollar. Not even stronger than forecast core inflation data was able to boost the Euro.

Core CPI rose 1% YoY versus 0.9% forecast.

German PPI data could attract some attention after Germany’s 2.4% consumer inflation print.