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Forex pairs in this Article » GBP/USD
FXstreet.com (Barcelona) - The sterling is accelerating the downside in the wake of softer-than-expected retail sales data during January. In fact, sales contracted 0.6% on a monthly and yearly basis against a forecasted expansion of 0.4% and 0.8%, respectively. Stripping the fuel component, sales were also grim, contracting 0.5% MoM and rising 0.2% over the last twelve months, vs. +0.4% and +1.4% estimated, respectively.

As of writing, GBO/USD is retreating 0.07% at 1.5483 with the immediate support at 1.5458 (low Jul.26) ahead of 1.5414 (low Jul.13) and then 1.5393 (low Jul.12).
On the upside, a surpass of 1.5544 (high Feb.14) would lead to 1.5647 (MA10d) and 1.5690 (high Feb.13).
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