UK’s retail sector anecdotal reports cite further administration and restructuring yet the rise in May retail sales and this week’s service sector PMI suggest that the sector may be stabilising, according to Tim Riddell, Research Analyst at Westpac. Key Quotes “Similarly, housing surveys also show some tentative stabilising. There is also potential for some World Cup effect on domestic activity. If May’s Cabinet meetings prove successful, these factors could allow GBP some respite. However, both the retail and housing sectors face considerable headwinds and so any GBP/USD rebounds are likely to struggle in front of 1.3500 as a potential 1.28-1.37 range develops.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD consolidates near 3-week lows, eyes jobs data for fresh impetus FX Street 3 years UK's retail sector anecdotal reports cite further administration and restructuring yet the rise in May retail sales and this week's service sector PMI suggest that the sector may be stabilising, according to Tim Riddell, Research Analyst at Westpac. Key Quotes "Similarly, housing surveys also show some tentative stabilising. There is also potential for some World Cup effect on domestic activity. If May's Cabinet meetings prove successful, these factors could allow GBP some respite. However, both the retail and housing sectors face considerable headwinds and so any GBP/USD rebounds are likely to struggle in front of 1.3500 as a potential 1.28-1.37… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
