The volume of retail sales in the UK rose by 0.6% in September, exceeding expectations for a rise of 0.4%. In addition, this rise came on top of an upwards revision to August’s figure: -0.1% from -0.2% originally reported. GBP/USD stopped its gradual drop that was seen beforehand, and is now at 1.6150, in the very middle of the range. The better than expected consumer activity coincides with yet another drop in jobless claims for September and a drop in the unemployment rate for August reported yesterday. All the signs provide hope that the UK is indeed exiting the recession. Economic contraction peaked in Q2 and there’s hope that a return to growth in Q3 will be reported next week. It’s important to note that a decision on more QE from the BOE also depends on the government’s moves, as Michael Derks details here. GBP/USD also enjoys the improved mood in Europe, which could be seen in a successful bond auction for Spain. 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 Spain Capitalizes on Hope – Enjoys Successful Auction Yohay Elam 10 years The volume of retail sales in the UK rose by 0.6% in September, exceeding expectations for a rise of 0.4%. In addition, this rise came on top of an upwards revision to August's figure: -0.1% from -0.2% originally reported. GBP/USD stopped its gradual drop that was seen beforehand, and is now at 1.6150, in the very middle of the range. The better than expected consumer activity coincides with yet another drop in jobless claims for September and a drop in the unemployment rate for August reported yesterday. All the signs provide hope that the UK is indeed exiting the… 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.
