GBP/USD dropped from around weekly highs nearby the 1.2780s due to flows towards safe-haven currencies like the US Dollar (USD), as data from the second largest economy reignited woes for a worldwide economic deceleration. At the time of writing, the GBP/USD exchanges hands at 1.2737, down 0.36%, in the mid-North American session. The GBP/USD resumed its downtrend on sentiment shifting sour after the Chinese trade balance showed that Imports and Exports plunged below estimates and the prior month’s readings, opening the door for a global economic slowdown. Aside from this, data revealed in the United Kingdom (UK) ... (full story)