GBP/USD RESUMES A DOWNTREND AMID SOFTISH US DATA

• GBP/USD falls as US inflation data and retail sales reinforce a less dovish Fed outlook.
• Industrial Production in the US shows signs of recovery, contributing to the US Dollar’s resilience.
• UK labor market report influences BoE rate cut speculations, with attention on June's monetary policy.
• Market anticipation builds for next week’s Fed and BoE meetings, with inflation data set to impact GBP/USD.

The Pound Sterling is set to finish the week with losses, yet extended its downtrend for two straight days after piercing the 1.2800 figure. The GBP/USD exchanges hands at 1.2731, post losses of 0.16%.