Pound Sterling recovers against US Dollar after reversal in sentiment

Pound Sterling recovers against US Dollar after reversal in sentiment

The Pound Sterling is rebounding against the US Dollar as sentiment switches for GBP’s transatlantic currency peer. Weak UK data may limit the Pound’s gains, however, as data shows UK shoppers shy away from spending in November. Technically, GBP/USD hangs onto its short-term uptrend but remains vulnerable to a reversal.

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