Post #15718

GBP Has Its Best Week Since August GBP/USD pushed higher this morning and is on track for its best week since August, supported by stronger UK data. Retail sales surprised to the upside and business activity jumped to a 21-month high, signaling momentum heading into Q1. British businesses reported the fastest upturn since April 2024. Employment in the services sector, however, fell at a faster rate and inflation pressures increased. The overall picture points to firmer growth. Traders pare BoE rate bets, favor one quarter-point cut in 2026. Markets are now expecting the BoE to hold rates in February, with a first cut fully priced by June — keeping sterling supported for now. - Alan