GBP/USD Market Analysis for July 1, 2026
For the GBP, the target area is 1.3292-1.3304.
This is the 1/2 zone.
We are monitoring for a breakout of this area.
Primark Sales Decline as AB Foods Prepares to Split Its Divisions
Associated British Foods Plc reported a decline in sales at its budget fashion retailer, Primark, and losses in its sugar division due to the war in Iran, while the company prepares to separate its clothing and food segments.