British Pound slipped today as the US dollar index edged up and crude oil edged up amid elevated geopolitical tensions. GBP/USD topped out around one and half week high in last session as UK retailers reported a sharp decline in sales in April and forecast further weakness. Survey data from the Confederation of British Industry showed that net 68% of retailers said sales volumes declined in April compared to last month's balance of 52%. GBP/USD pair currently trades at 1.3488, down 0.33% on the day. On NSE, GBP/INR futures are trading at 128.12, up marginally on the day after hitting above Rs 128.20 mark in morning trades.
GBP/USD slides under 1.3500 mark
April 28, 2026 · 4:31 pm IST
Source: Business Standard
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Key Takeaways
- Survey data from the Confederation of British Industry showed that net 68% of retailers said sales volumes declined in April compared to last month's balance of 52%.
- GBP/USD pair currently trades at 1.3488, down 0.33% on the day.
- On NSE, GBP/INR futures are trading at 128.12, up marginally on the day after hitting above Rs 128.20 mark in morning trades.
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Originally reported by Business Standard.
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IPO Cracker Take
Monetary policy shifts ripple into IPO valuations through discount rates and liquidity. Use our IPO evaluation framework to factor rate changes into any upcoming issue.
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Higher rates increase the discount rate used in DCF valuations, typically compressing IPO valuations. Banking and NBFC IPOs benefit from rate cycles in different ways than tech or consumer.
Broader rate outlook matters, but each IPO should still be evaluated on its own financials. Our IPO evaluation framework walks through the key metrics.
Banking, NBFC, housing finance, and real estate are the most rate-sensitive. Consumer staples and utilities are relatively insulated.
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