U.K Retail Sales Falls 0.2% In May, Buy GBPUSD On Dips !

forex consumer
forex consumer

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

The U.K Retail Sales fell to 0.2%, form 0.9%  in the previous month, U.K Retail Sales was expected to fall to 0.2% last month.

(Year-Over-Year) U.K Retail Sales released unchanged as previous month 4.6% missing forecast at 4.8%.

Market Impact: The pair is very bullish, almost reached the critical resistance 1.5945, a halt is likely and a pullback may occur, If seen, support comes at the 1.5827 levels where rejection is suggested, next support comes at the 1.5692 levels.On the upside, above the 1.5945 levels will open 1.6022 levels.

U_K Retail Sales Falls