UK Retail Sector’s Glittering Yet Fragile: How Online Jewellers Are Masking Underlying Challenges for GBP/USD
Despite encouraging GDP and inflation data, GBP/USD faces headwinds as retail sales growth hinges heavily on online jewellery—a sector benefiting from e-commerce shifts and promotions, while broader UK retail remains weak. Market caution persists amid monetary policy uncertainty and uneven economic recovery.
