{"id":103580,"date":"2020-08-21T13:30:33","date_gmt":"2020-08-21T12:30:33","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103580"},"modified":"2020-08-21T14:01:59","modified_gmt":"2020-08-21T13:01:59","slug":"103973-gbp-usd-builds-on-thursday-bounce-near-2020-highs","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103973-gbp-usd-builds-on-thursday-bounce-near-2020-highs\/","title":{"rendered":"GBP\/USD Builds on Thursday Bounce, Near 2020 Highs"},"content":{"rendered":"<ul>\n<li><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">GBP\/USD<\/a> Holds on to early gains after the UK retail sales numbers.<\/li>\n<li>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US dollar<\/a> selling bias helps the pair.<\/li>\n<li>UK flash PMI eyed for further direction.<\/li>\n<\/ul>\n<p>The GBP\/USD traded flat around 1.3240-50 after the release of the upbeat UK sales figures, holding on to the gains made early in the day. The pair&#8217;s start-of-the-day strength was in continuation of its 150 pips bounce yesterday from the weekly lows around 1.3065.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to USD exchange rate<\/span><\/a><\/div>\n<p>The fresh selling in the dollar after the FOMC-bounce helped the pair to rally back even before the better-than-expected UK Retail Sales figures.<\/p>\n<p>Headline sales came in with a growth of 3.6 Percent in July, beating the two Percent increase expected by the market. The core retail sales &#8211; excluding fuel sale -beat the consensus of 0.2 Percent, by jumping two Percent in July.<\/p>\n<p>The UK retail sales on an annualized basis stood at 1.4 Percent in July compared to a flat reading consensus; core retail sales rose 3.1 Percent &#8211; another surprising number for the traders.<\/p>\n<p>US dollar bears tightened their grip, as the economy worries gained strength after the US Initial-Jobless-Claims spiked above one million in a weekly report.<\/p>\n<p>FOMC meeting minutes earlier to this had also shared worries about the hiring slowdown.<\/p>\n<p>The greenback has another paint point in the uncertainty over the next round of fiscal stimulus. The stimulus is dependent on the passage of the bill now stuck in a political jam in the US Congress.<\/p>\n<p>GBP\/USD might strengthen further as these worries play out in the US dollar. The pair now waits for the flash version of the UK PMI prints for further action.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">GBP Index Today - last 90 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/d83b145305c34d0b863580f86c05cbc1.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-103591\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/d83b145305c34d0b863580f86c05cbc1.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/d83b145305c34d0b863580f86c05cbc1-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/d83b145305c34d0b863580f86c05cbc1-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/d83b145305c34d0b863580f86c05cbc1-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD Holds on to early gains after the UK retail sales numbers. The US dollar selling bias helps the pair. UK flash PMI eyed for further direction. The GBP\/USD traded flat around 1.3240-50 after the release of the upbeat UK sales figures, holding on to the gains made early in the day. The pair&#8217;s start-of-the-day [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5318,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1453,1888,1536,2824,1840,1397],"class_list":{"0":"post-103580","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-fomc","10":"tag-gbp-usd","11":"tag-jobless-claims","12":"tag-uk-pmi","13":"tag-uk-retail-sales","14":"tag-us-dollar"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD Builds on Thursday Bounce, Near 2020 Highs - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103973-gbp-usd-builds-on-thursday-bounce-near-2020-highs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103973-gbp-usd-builds-on-thursday-bounce-near-2020-highs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103973-gbp-usd-builds-on-thursday-bounce-near-2020-highs\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP\\\/USD Builds on Thursday Bounce, Near 2020 Highs\",\"datePublished\":\"2020-08-21T12:30:33+00:00\",\"dateModified\":\"2020-08-21T13:01:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103973-gbp-usd-builds-on-thursday-bounce-near-2020-highs\\\/\"},\"wordCount\":365,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103973-gbp-usd-builds-on-thursday-bounce-near-2020-highs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100877-gbp-usd-brexit-concerns-pound-lower.jpg\",\"keywords\":[\"FOMC\",\"gbp\\\/usd\",\"jobless claims\",\"uk pmi\",\"uk retail sales\",\"us dollar\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103973-gbp-usd-builds-on-thursday-bounce-near-2020-highs\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103973-gbp-usd-builds-on-thursday-bounce-near-2020-highs\\\/\",\"name\":\"GBP\\\/USD Builds on Thursday Bounce, Near 2020 Highs - 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