Some good news from the UK: the volume of retail sales rose 0.7%, almost double the early expectations. GBP/USD is on the rise, reaching a high of 1.4988. Can it top 1.50? The United Kingdom was expected to report a rise of 0.4% in retail sales, following a disappointing drop of 0.3% in January. GBP/USD traded higher, around 1.4960, still enjoying the weakness of the US dollar, but keeping some distance from the very round 1.50 level. Here is the preview: GBP/USD: Trading the UK Retail Sales Earlier this week, we had inflation numbers from the UK. And they certainly kept the pound down, with annual CPI inflation reaching a round 0%, worse than expected. The US had better than expected inflation numbers and also enjoyed positive new home sales, but yet another dismal report regarding durable goods orders dampened the chances of a USD recovery in the current big correction. Here is how the move looks on the chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next US jobless claims fall to 282K – USD marginally stronger Yohay Elam 8 years Some good news from the UK: the volume of retail sales rose 0.7%, almost double the early expectations. GBP/USD is on the rise, reaching a high of 1.4988. Can it top 1.50? The United Kingdom was expected to report a rise of 0.4% in retail sales, following a disappointing drop of 0.3% in January. GBP/USD traded higher, around 1.4960, still enjoying the weakness of the US dollar, but keeping some distance from the very round 1.50 level. Here is the preview: GBP/USD: Trading the UK Retail Sales Earlier this week, we had inflation numbers from the UK. And they certainly… Regulated 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.
