GBP/USD Rallies on Risk Appetite;Faces Resistance ahead of UK Data, US Inflation
• GBP/USD surges past 1.2750 as investors attempt a risk-on recovery
• UK Retail Sales data due Tuesday unlikely to show much improvement
• US CPI inflation figures on Thursday to draw attention for rate cut hints
• GBP/USD faces technical resistance from 1.2760 to 1.2780
• Long-term GBP/USD supported by bullish SMA crossover near 1.2550