UK retail sales dropped 0.6% in October, on top of a downwards revision from 1.9% to 1.7%. Year over year, the figure is 3.8%. Core sales dropped 0.9% and rose only 3% y/y. All the previous figures were revised to the downside. GBP/USD extended its pre-release dip and reached 1.5233 before bouncing. Was there a leak? The UK was expected to report a drop of 0.5% in monthly retail sales in October after a leap of 1.9% in September. Year over year, a rise of 4.2% was predicted, lower than 6.5% seen last time. Core sales carried expectations for ‘0.5% m/m and 3.9% y/y. GBP/USD was drifting lower within the higher range towards the release, trading around 1.5255. Expectations were low this time in anticipation of a correction from the big rise seen previously. Support is at 1.5250, 1.52 and 1.5160. Resistance is at 1.53 and 1.5370. Earlier, the pound enjoyed the slide in the US dollar following the FOMC Meeting Minutes, that didn’t really reveal anything new. In our latest podcast we discuss the December decision driving the dollar, declining oil and more: Follow us on Sticher or on iTunes 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 EUR/USD: 10 To 15 Big Figure Drop On 1% Drop Yohay Elam 7 years UK retail sales dropped 0.6% in October, on top of a downwards revision from 1.9% to 1.7%. Year over year, the figure is 3.8%. Core sales dropped 0.9% and rose only 3% y/y. All the previous figures were revised to the downside. GBP/USD extended its pre-release dip and reached 1.5233 before bouncing. Was there a leak? The UK was expected to report a drop of 0.5% in monthly retail sales in October after a leap of 1.9% in September. Year over year, a rise of 4.2% was predicted, lower than 6.5% seen last time. Core sales carried expectations for '0.5%… 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.
