Pound Holds Firm Near July Low as UK Data Fails to Counter Dollar Strength

The British pound has remained close to its July low of $1.33 as investors assess recent UK data, while the US dollar stays strong due to rising Middle East tensions and new US tariffs.

UK retail sales beat expectations in June, increasing by 1% with warmer weather and World Cup spending contributing to the growth.

The Bank of England's Decision Maker Panel survey showed easing inflation expectations, while consumer confidence improved to a six-month high in July.