1016123, 11:01 AM .GaP/USD retraces the recent losses near 1.2150, focus on UX labor data, US Retal Sales TRENDING: EURUSD | GBPUSD | XAUUSD | AUDUSD | USDCAD “ ° = 2 GBP/USD retraces the recent losses near 1.2150, focus on UK labor data, US Retail Sales NEWS | 10/16/2023 02:22:20 GMT | By Akintar Faruqui share Wf OO * GBP/USD recovers from the recent losses ahead of economic figures from both countries. + Aslew of solid US data contributed support in underpinning the US Dollar. * Investors seem to price in the probability of another rate hike by the Fed. GBP/USD retraces the recent losses, trading higher around 1.2150 during the Asian session on Monday. The pair faced challenges possibly due to the shift in discussions about the trajectory of the US Federal Reserve's (Fed) ©2023 FXStreet” Al Rights Reserved Disclaimer « nitosawww. street. comMnews/gop-usce-retraces-the-recentosses-near-12150-focus-on-uk tabor-data-us-etal-sales-202310160217 wr0710723, 11:01 aM ‘GBPIUSO retraces the recent asses near 1.2150, focus on UK labor data, US Retail Sales Investors are expected to focus on the labor data coming from the United Kingdom (UK). Employment Change expects a decline of 195K in August and ILO Unemployment Rate (3M) is expected to remain consistent at 4.3%. On Monday, the Rightmove House Price Index (MoM) increased to 0.5% in October from the previous 0.4%, The yearly data showed that residential property prices declined by 0.8% compared to the 0.4% decline in the previous report The US Dollar Index (DXY) trades slightly lower around 106.50 at the time of writing. The US Dollar (USD) gained upward momentum after a release of robust US data during the previous week, with US inflation surpassing expectations and initial jobless claims coming in lower than anticipated. However, the preliminary US Michigan Consumer Sentiment Index was eased in October. On Friday, the report for October showed a decline to 63.0 from the previous reading of 68.1, falling short of the expected figure of 67.4. Investors seem to factor in the possibility of another Federal Reserve (Fed) rate hike. The market sentiment has shifted following the slew of robust economic data from the United States (USD). This could result in providing downward pressure on the GBP/USD pair. Moreover, the recovery in US Treasury yields from the recent losses could provide support in underpinning the US Dollar (USD). The yields on US Treasury bonds recovers on Monday, with the 10-year US Treasury bond yield standing at 4.65%, up by 1.0%. Additionally, the Greenback remains to benefit from the safe-haven flow amid the rising geopolitical tension between Israel and Palestine. An undisclosed source informed Reuters that there have been discussions between US officials and Israel regarding the potential visit of President Joe Biden to Israel. The invitation for this visit is reported to have come from (©2023 FxStreet All Rights Reserved ntps:lwwwfastreet.cominewsigop-usc-etraces-the-ecentlosses-near-12150-ocus-on-uklabor-data-is-tal-sales-202910160217 aT10/1823, 1:01 AM ‘GBPIUSO retraces the recent losses near 1.2150, focus on UK labor data, US Retail Sales Market participants will likely watch the US Retail Sales (MoM) on Tuesday, with the figure expected to rise 0.2% in September, compared to the previous reading of 0.6%. GBP/USD: ADDITIONAL LEVELS TO WATCH (©2023 FxStreet All Rights Reserved hntps:lwwwfstreet.cominews!gop-uss-etraces-the-ecentlosses-near-12150-ocus-on-uklabor-data-is-tal-sales-202810160217 3710716123, 11:01 AM (GaPIUSD retraces the recent losses near 1.2150, focus on UX labor data, US Retal Sal OVERVIEW Today last price 1.2183 ‘Today Daily Change 6.0011 Today Dally Change % Today daily open 12182 TRENDS Daily SMAZ0 2022 Dally SMASO 2464 Daily SMav00 1.26 Dally SMA200 aaa LEVELS Previous Daily High 2226 Previous Daly Low 1.2128 Previous Weekly Kigh 12337 Previous Weekly Low 2123 Previous Monthly High aaa Previous Monthly Low 12m 2162 1.2186 Daily vot Point S1 nie Dally Pivot Point $2 2061 Dally Pivot Point $3 1.1999 Dally Pivot Point 21 2204 Dally Pivot Point 82 2266 Dally Pvot Point 23 1.2307 ©2029 FAStee” All RightsReserved its: street cominewslgop-useretraes-he-ecentisses-neat-121604ocus-onukiabor-data-is-eta-sales-202910160217 an10716123, 11:01 AM (GaP/USD retraces the recent losses near 1.2150, focus on UX labor data, US Retal Sales Share: 5\ Feed news Information on these pages contains forwardooking statements that invoWe risks and uncertainties. Markets and instruments a profiled on this page are for informational purposes only and shoul net in any way come across as arecommendation tobuy or @ sellin these assets. You should 6o your own thorough research before making ay Investment decisions, FxStteet does notin any WF Follow us on Telegram Stay updated of all the news RECOMMENDED CONTENT EUR/USD Price Analysis: Posts modest gains above 1.0500, upside seems limited By Lallalit Srijandorn | minutes ago Australian Dollar halts a three-day losing streak, focus on RBA minutes, US Retails Sales By Akhtar Faruquil 41 minutes ago USD/MXN hovers above 18.0100 ahead of US Retail Sales By Akhtar Faruqui | 02:59 GMT WTI holds steady around mi Hamas conflict By Haresh Menghani | 02:50 GMT US and allies strive to douse Israel-Hamas flare up, Iran issues warning By Dhwani Mehta | 02:23 GMT $86.00s, over one-week high on Israel- GBP/USD retraces the recent losses near 1.2150, focus on UK labor data, US Retail Sales By Akhtar Faruqui | 02:22 GMT USD/CHF loses momentum above the 0.9000 area, eyes on Israel- Palestine tensions By Lallalit Srjandorn | 02:04 GMT USD/JPY struggles for a firm direction, stuck in a range around mid- 440 Ane (©2023 FxStreet All Rights Reserved nitosawww. street. comMnews/gop-usce-retraces-the-recentosses-near-12150-focus-on-uk tabor-data-us-etal-sales-202310160217 8710716123, 11:01 AM (G8PIUSD retraces tho recent asses near 1.2150, focus on UX labor data, US Retal Salos PBOC keeps one-year MLF rate steady at 2.50% By Dhwani Mehta | 01:50 GMT USD/CAD consolidates in a range around mid-1.3600s, downside seems cushioned By Haresh Menghani | 01:22 GMT EDITORS’ PICKS AUD/USD sticks to modest gains above 0.6300 amid looming geopolitical risks AUD/USD is posting small gains above 0.6300 in the Asian session on Monday. Risk sentiment remains in a weaker spot amid escalating Hamas-Israel geopolitical tensions. The US Dollar stays on the defensive, lending support to the pair. Fedspeak in focus. ‘AUD/USD News »» EUR/USD posts modest gains above 1.0500, upside seems limited EUR/USD attracts some buyers above 1.0520 amid the softer USD. The pair holds below the 50- and 100-hour EMAs; RSI is located in the bearish territory under 50. The immediate resistance level is seen at 1.0558; 1.0477 acts as an initial support level EUR/USD News »> Gold correction could extend after Friday's 3% upsurge Gold price is retracing a small portion of Friday's rnassive surge to the highest level in three weeks at $1,933. The United States Dollar (USD) stays on the defensive while the US Treasury bond yields tick higher, as investors take account of the ongoing IstaelHamas conflict and fresh developments over the weekend Gold News »> Pepe Coin run will not happen until PEPE breaks and holds above approximately $0....8045 Pepe coin price continues to struggle despite being the meme coin sensation at one paint in its lifetime. The frog-themed token has taken to the trend seen among its peers in the merne coin ecosystem, including Dogecoin and Shiba Inu, among others. (©2023 FxStreet" All Rights Reserved hntps:lwwwfastreet.cominewsigop-use-etraces-the-ecentlosses-near-12150-ocus-on-uklabor-data-is-tal-sales-202810160217 67syt829, 1:01 aM (GBP/USD retraces the recent losses near 1.2150, focus on UK labor data, US Reta Sales Week ahead: Geopolitical risks step up as commodities surge Risky assets ended last week in the red, after news that Israel was preparing for a land invasion into Gaza sent commodity prices soaring. Not only is the oll price surging, which may continue if we continue to see wider tensions in the Middle spill over, but European gas prices jumped 50% last week Read more >> FOREX MAJORS CRYPTOCURRENCIES ‘SIGNATURES (©2023 FxStreet" All Rights Reserved hntps:lwwwfastreet.cominews!gop-use-etraces-the-ecentlosses-near-12150-ocus-on-uk-labor-data-is-tal-sales-202910160217 wm