The GBP/USD pair remained confined in a range below the 1.4200 mark through the early European session and moved little post-UK PMIs. The pair struggled to capitalize on the previous day's strong positive move from the 1.4100 mark and witnessed a subdued/range-bound price moves during the first half of the trading action on Friday. Bulls seemed rather unimpressed by upbeat UK Retail Sales figures for April, while mixed PMI prints for May also did little to provide any meaningful impetus to the GBP/USD pair.
The incoming stronger economic data continues to add credence to the upbeat UK economic outlook amid the gradual easing of lockdown measures. That said, the muted market reaction suggests that a lot of positive is already priced in. This, along with uncertainty over the post-Brexit agreement on Northern Ireland, kept a lid on any meaningful upside for the GBP/USD pair, at least for now. 
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The GBP/USD pair remained confined in a range below the 1.4200 mark through the early European session and moved little post-UK PMIs. The pair struggled to capitalize on the previous day's strong positive move from the 1.4100 mark and witnessed a subdued/range-bound price moves during the first half of the trading action on Friday. Bulls seemed rather unimpressed by upbeat UK Retail Sales figures for April, while mixed PMI prints for May also did little to provide any meaningful impetus to the GBP/USD pair.
The incoming stronger economic data continues to add credence to the upbeat UK economic outlook amid the gradual easing of lockdown measures. That said, the muted market reaction suggests that a lot of positive is already priced in. This, along with uncertainty over the post-Brexit agreement on Northern Ireland, kept a lid on any meaningful upside for the GBP/USD pair, at least for now.