Steeper than forecast decline in UK retail sales bearish for GBPUSD
UK retail sales fell in April more than expected: retail sales dropped in April 18.1% over month after 5.2% decline in March, when 15.8% decline was expected. This is bearish for GBPUSD.
Summary of technical analysis
|Buy stop||Below 1.2158|
|Stop loss||Above 1.2228|
Market Analysis provided by IFCMarkets
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