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Jun 19 - 03:55 AM

GBP/USD - Ticks Up After UK May Retail Sales Data Beat

By Rob Howard  —  Jun 19 - 02:45 AM
  • Cable ticks up to test 1.2455 (Monday's low) after UK May retail sales beat

  • Up 12% vs +5.7% f/c. 1.2450 was high shortly before 0600GMT data release

  • GBP/USD held above Thursday's 1.2403 low in Asia: 1.2405 was session low

  • 1.2403 = low since June 1. 1.2475 is a resistance level beyond 1.2455

  • 1.2475 was Thursday's pre-BoE MPA low. 1.2550 was post-BoE high nL8N2DV2K2

  • UK public debt passes 100% of GDP for first time since 1963 nL8N2DW0XV

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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