Pound US dollar exchange rate: GBP/USD steady as UK retail sales beat expectations

The GBP/USD exchange rate is currently trading at $1.206, virtually unchanged from today’s opening levels. UK retail sales figures have helped the Pound find its feet this morning. The Office for National Statistics reported a 0.2 percent expansion in sales for July, slowing from sales growth of 0.9 percent the previous month, but confuting expectations for a sales slump.

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