GBPUSD TICKS LOWER AHEAD OF UK’S CPI DATA: 17 JUNE| FOREX RECOMMENDATIONS
After the release of mixed UK macro data in the previous trading session, GBPUSD investors remain wary ahead of yearly CPI statistics from Britain amidst COVID-19. Further, investors are rushing towards the safe-haven greenback amidst an escalation in the concerns of the second wave of coronavirus across the globe. As of now, the pair is trading 0.15% lower at 1.2545. On Tuesday, initially, the pound climbed to an intraday high of 1.2687 as investors remained optimistic about trade talks between the UK and EU. UK PM Johnson commented that the outline of the deal could be sealed by the end of July. Also, EU leaders agreed to find the common ground on a trade deal and will work until the last possible moment to reach a trade deal. However, in the North American session, bulls ran out of steam and fell below 1.26 handle owing to the strength in the greenback on the release of better than expected retail sales statistics. The US monthly Retail Sales came at 17.7%, surpassing the mar