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Sterling higher following retail sales data

ArgusFX

The sterling has once again approached its 15-month high zone versus the U.S. dollar today, following the recent retail sales appreciation in the U.K while the investors and the traders are still focusing on the FED's policy statement reporting.

Sterling and U.S. dollar to 1.3589

The GBP/USD pair traded to 1.3589 rising 0.64% with the sterling trading higher following the positive data on retail sales. Last month's retail sales climbed 2.4%.

The EUR/GBP pair approached the 0.8839 area declining 0.50% with the sterling gaining momentum versus the euro.

Gold higher ahead of the FED's policy decision

Gold traded higher today, amid the U.S. dollar weakening ahead of the FED's policy decision data release.

Comex gold futures traded at $1,315.68 a troy ounce rising 0.39% or $4.93. The U.S. dollar index approached the 91.62 zone depreciating 0.13%. Silver futures reached $17.37 a troy ounce gaining 0.46%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/sterling-higher-following-retail-sales-data
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