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.
U.K Retail Sales rose from -0.7% to 1.2% in the previous month, analysts had expected it to rise to 0.4 last month.
This development advanced GBPUSD towards 1.5640 levels, however ; as long as 1.5446/1.5510 holds on a 4 hour closing basis, further upside is likely towards 1.5740 levels, Immediate support comes at the 1.5637 levels..
