Sterling Rally Stalls as Weak UK Data Weighs on the Pound
- GBP/USD struggling to hold gains above 1.2400 despite risk-on trading in markets
- Midweek rally for Pound Sterling under threat as gains pared back
- Slumping UK data sends GBP into consolidation
- Retail sales decline 0.3% MoM in October, missing forecasts
- GBP/USD faces resistance at 1.2500 level, 200-day SMA capping upside