EXNESS - Analytics

EXNESS

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GBPUSD: under pressure after publication of the retail sales volume in the UK

Sell on a level breakthrough of 1.5635 with 1.5568 target. Stop loss = 1.5685.

Reason for the trading strategy

The UK's retail sales increased by 0.1% (m/m) in February, with a forecast of 0.4% (m/m). The data reflect an insufficiently strong growth in consumer spending in the country, which form a substantial part of the UK's GDP. The statistics puts pressure on the pound.

 

GBPUSD, H1

GBPUSD



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