On Wednesday, the GBP to USD exchange rate attempted a bounce to the $1.35 mark.
The Pound Sterling rose 0.12% as it stemmed from its sharp loss of 1.18% yesterday.
Accordingly, the Bank of England’s consumer credit increased to $474.27 million from the previous figure of $43.26 million.
The data turned positive for the GBP to USD exchange rate as it came in higher than the expectation of $405.59 million.
Moreover, the British retail consortium shop price index improved to 0.50% from the previous loss of 0.80%.
Meanwhile, the US dollar index, which trails the greenback to its six rival currencies, declined 0.06% to $93.71.
Consequently, it reversed its 0.35% hike after the market jittered on the possibility of Federal Reserve’s asset tapering by November.
Furthermore, the 10-year Treasury yields declined 0.03 points to the 1.51% level after it topped 1.56% yesterday.
Additionally, the US house price index lowered to 1.40% month-on-month from the previous data of 1.70%, supporting the greenback.
At the same time, some currencies also hiked as the GBP to USD exchange rate increased.
For instance, the Australian dollar edged up 0.22% to $0.73 as the Malaysian ringgit soared 0.10% to $4.184.
Similarly, the Chinese yuan surged 0.13% to $6.466 after China’s central bank injected $15.50 into the financial system.
Meanwhile, the majority of the currencies against the greenback declined on the trading market.
The Japanese yen plunged 0.05% to $111.43 as the Canadian dollar shed 0.06% to $1.27.
Then, the New Zealand dollar dropped 0.06% to $0.70 as the Singapore dollar fell 0.09% to $1.36.
Similarly, the euro to dollar exchange rate plunged as the GBP to USD exchange rate rebounded.
The single currency tumbled 0.14% to $1.17, following its consecutive loss this week.
Accordingly, Spain’s harmonized index of consumer prices climbed to 4.00% year-over-year from the August figure of 3.30%.
In addition, the HICP advanced from the market forecast of 3.70%, which is bullish for the local currency.
Subsequently, the German import index increased to 16.50% year-over-year to the previous 15.00% data.
Meanwhile, other European currency pairs were mixed as the GBP to USD exchange rate improved.
The EUR/GBP pair inched up 0.03% to $0.86 as the USD/CHF surged 0.02% to $0.93.
Likewise, the USD/SEK pair rose 0.13% to $8.76 as the USD/NOK pair posted gains of 0.21% to $8.68.
On the other hand, the EUR/CHF diminished 0.14% to $1.08 as the EUR/AUD pair weakened 0.32% to $1.61.
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