During Friday’s trading session, the British Pound depreciated to the 1.2950 level. On Monday morning, the European Single Currency was located at the 1.2999 mark.
In regards to the near term future, most likely, the currency exchange rate will be trading sideways to stay at the 1.3000 level during the day.
On the other hand, the US Dollar might appreciate against the British pound during today’s US Retail Sales and Core Retail Sales data release at 12:30 GMT to fall to the monthly S2 at the 1.2905 level.
