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GBP/USD Forecast: Trading the UK retail sales report

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair recovered from the dip to 1.4256 in early Europe yesterday and rose to 1.4394 (hourly 100-MA) before falling back to 1.4313 levels in the Asian session today. No major data was released in US or UK. Still, Pound turned out to be one of the better performers after BOE Cunliffe said there’s no reason for the central bank to change its stance on rates. The statement sounded hawkish to the markets amid the new normal of negative rates and given the interest rate markets are

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