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    GBP/USD trims losses post-UK data, around 1.4180 Pablo Piovano

    The sterling is extending its recovery from daily lows in the 1.4120 area vs. the dollar, now pushing GBP/USD to the 1.4180/85 region post-data.GBP/USD bid on data, looks to BoEThe pair kept the recovery alive after UK’s Retail Sales have surprised markets to the upside today. In fact headline sales have expanded 0.9% MoM in May and 6.0% over the last twelve months, while sales excluding the Fuel component also rose 1.0% inter-month and 5.7% on a yearly basis.Ahead in the session, the BoE is expected to leave its monetary stance unchanged while ‘Brexit’ is seen taking centre stage amongst MPC members.GBP/USD levels to considerAs of writing the pair is retreating 0.18% at 1.4181 and a break below 1.4091 (low Jun.14) would aim for 1.4088 (low Apr.14) and then 1.4004 (low Apr.6). On the other hand, the next resistance aligns at 1.4351 (100-day sma) followed by 1.4408 (55-day sma) and finally 1.4452 (20-day sma).


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