GBP / USD Analysis

GBP / USD Analysis

GBP / USD lags behind, as weak parts of economic indicators take precedence. FXStreet analyst Yohay Elam said that US Retail Sales, BoE speculation and coronavirus figures are interesting. “The unemployment rate in the UK remained at 3.9% in May, thus keeping expectations once again at a perfect level. GBP / USD increases losses after the session, focusing on negativities and the potential for disinflation. " “Chairman of the Board, Andrew Bailey, told lawmakers that interest rates will not look better for at least two years. The borrowing cost of BoE was at 0.10%, and there is still work on setting a negative rate. More speculation about being negative can further lower the pound. " Will US retail sales also disappoint? June figures are expected to recover before some virus revival in some US states. " “While the number of coronavirus cases continues to decline in the UK, cases and deaths in the US are increasing. Record cases have been reported in California and Texas. America's number of cases exceeded 3.5 million, while deaths are over 137,000. "