Share: UK Brexit Minister David Frost recognized that the UK failed to secure the wanted agreement. UK Retail Sales are foreseen surging a whopping 36.8% YoY in April. GBP/USD continues to depend on how investors see US inflation developments. The GBP/USD pair bounced back, and trades near a daily high of 1.4189 as demand for the dollar receded. The market continues trading according to expectations of rising inflationary pressures in the US and how those could affect the Federal Reserve monetary policy. The favourite measures are government bond yields, which soared with FOMC Minutes on Wednesday, but quickly retreated to end Thursday near weekly lows.