1 Pound Sterling - The GBP/USD pair continues to struggle to find support above the 1.2600 level and is facing selling pressure during Friday's Asian session. Currently, the spot price is around 1.2585, down less than 0.10% today, and experiencing a moderate weekly decline.

The UK GDP report released on Thursday confirmed a technical recession, while weak consumer inflation figures on Wednesday reinforced speculation that the Bank of England (BoE) will soon lower interest rates. This situation is acting as a hindrance to the British Pound (GBP) and limiting the recovery of the GBP/USD pair, especially as the US Dollar (USD) experiences a slight uptick.

The rise in US Treasury yields supports the Greenback, although bets on a rate cut by the Federal Reserve (Fed) could pose a barrier. The disappointing US retail sales report indicates a slowing economy, triggering speculation that the Fed may ease its monetary policy in June, which could limit US yields and the USD.

The bullish sentiment in equity markets may restrict the safe-haven appeal of the dollar, impacting the GBP/USD pair. Traders should be wary of a bearish failure to break through the 100-day Simple Moving Average (SMA), indicating potential short-term depreciation for this pair.

Market participants are awaiting the UK retail sales data, which could influence GBP pricing and strengthen the GBP/USD pair. Additionally, US macroeconomic data and speeches from FOMC members will be crucial signals for traders during the North American session.

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The analysis on "1 Pound Sterling" is based on fundamental and technical perspectives from trusted sources and does not constitute advice or solicitation. Always remember that this content aims to enrich readers' information. Conduct your own independent research on other forex information as a reference for your trading.