UK Retail Sales (Sep) Up 1.9%, GBPUSD Rises !

forex consumer
forex consumer

Retail Sales measures 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┬áRetail Sales rose 1.9%, from -0.4% in the previous month, the indicator was expected to rise to 0.3% in the last month…

This development should advance GBPUSD, immediate resistance comes at the 1.5522 levels, a halt is likely, but a break will turn focus on the 1.5585 levels.Conclusion: The GBPUSD continues to face upside threats above 1.5415 levels even in case of a pullback….

Further Reading

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