Currency Analyst since 2010

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.  

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