GBP/USD Price Forecast: Stalls below 1.2700 amid dismal UK retail sales

GBP/USD Price Forecast: Stalls below 1.2700 amid dismal UK retail sales

GBP/USD ticks up 0.15%, yet fails to decisively breach the 1.2700 resistance. UK retail sales hit their lowest since April, dropping -3.4% against expectations of a 0.7% rise. Downward pressure persists; support levels at 1.2600 and 1.2486 remain critical for near-term direction.

submitted by /u/Denchock
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