If inflation or Retail Sales turn out to be lower than expected, the GBPUSD pair at a rate of 1.30885 is at risk of experiencing a correction, according to SocGen.

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GBPUSD Chart by TradingView

Bullish momentum remained intact last week and carried GBP/USD over 1.32 for the first time since March 2022. Economists at Société Générale analyze the pair’s outlook.

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