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Feb 19 - 02:55 AM

GBP/USD - Holds Below 1.40 After Big UK Retail Sales Miss

By Rob Howard  —  Feb 19 - 02:21 AM
  • Cable holds below 1.40 resistance level after big UK retail sales data miss

  • Down 8.2% MM in Jan vs -2.5% f/c, down 5.9% YY vs -1.3% f/c nS8N2JN09P

  • GBP/USD rose to threaten 1.3986 ahead of the UK retail sales data

  • 1.3986 was Thursday's 34-month high. 1.4000 is an option barrier level

  • See: nL1N2KO1JI. 1.3952 (Asia low), 1.3927 and 1.3900 are support points

  • 1.3927 = pullback low from Thursday top. UK Feb PMIs 0930GMT, service f/c 41

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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