GBP/USD drifting lower towards 1.64 handle

FXstreet.com (Guatemala) - GBP/USD is continuing to drift and remains heavy after the spike earlier on positive Retail Sales in the UK.

GBP/USD is currently printing 1.6415 and heading lower if the indicators are correct. Meanwhile the the University of Michigan consumer sentiment disappointed at 80.4, down on the consensus of 83.5 and previous 82.5, but despite this, Sterling remains offered.

GBP/USD Levels

The 20 DMA is 1.6428, the 50 DMA is 1.6317 and the 200 DMA is 1.5754. RSI (14) reads 47.97. Spot is 1.6415.