GBP is hit by horrible data
UK retail sales turned out to be in worse shape than expected: the indicator came at -1.3% (forecast: 0.0%; previous: -0.7%). The nation’s public sector net borrowing was higher than prediction.
According to the MPC meeting minutes, 3 members of the Committee once again votes to increase QE.
GBP/USD fell below $1.5100 and is trading at $1.5076 at the moment of writing.