Pound Edges Higher Near 1.3650 Ahead of UK Retail Sales Data

The British Pound continued its upward trend, trading near 1.3650 against the US Dollar in early European session on Friday.

This modest gain is a result of dollar weakness and cautious optimism among traders ahead of the UK Retail Sales data release for December at 07:00 GMT.

The market's anticipation of this key indicator has led to a rangebound trading environment, with immediate resistance at 1.3680 and support at 1.3600.

According to consensus forecasts, there is expected to be a 0.4% month-on-month decline in December retail sales, following a 0.2% rise in November.