Remains depressed below 1.2300, seems vulnerable to slide furthe

According to retail sales data, the United Kingdom experienced a 1.4% decrease in August, compared to the expected -1% and a 3.1% decrease in July. Meanwhile, core retail sales reported a 1.4% decrease in the month, compared to the expected -1.3% and the previous -3.3%.

The GBP/USD is testing the daily low near 1.2270 on the optimistic retail sales data from the UK. It was last seen trading at 1.2272, down 0.16% for the day.

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good luck

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The DXY index (which measures the greenback's fluctuations against six major world currencies) traded at 105.4 points.