Good news for the UK: retail sales continued rising in March, by 0.1%, better than expected. Core sales dropped by 0.4%, also slightly better than expected. UK retail sales were expected to drop 0.4% in March after a surprising jump of 1.7% in February. Core sales (ex-fuel) carried expectations for a drop of 0.5%. Year over year, a rise of 3.8% was expected in the headline figure and the actual number is 4.2%. It is important to note that February’s rise was revised to the downside, only 1.3% now. However, the overall y/y rise is still better than expected, and so is the most recent figure. GBP/USD was slipping below 1.68 just before the release. The pair shot higher to 1.6828 before stabilizing above 1.68.– updates coming — The BBA Mortgage Approvals number for March was also released at the same time. It was predicted to to tick up from 47.6K to 48.9K. Last month’s retail sales release triggered a nice pound rally. Clear resistance appears at 1.6841, the recent multi-year high. Support is at 1.6772. For more, see the GBPUSD forecast. 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 Euro talk FxPro - Forex Broker 8 years Good news for the UK: retail sales continued rising in March, by 0.1%, better than expected. Core sales dropped by 0.4%, also slightly better than expected. UK retail sales were expected to drop 0.4% in March after a surprising jump of 1.7% in February. Core sales (ex-fuel) carried expectations for a drop of 0.5%. Year over year, a rise of 3.8% was expected in the headline figure and the actual number is 4.2%. It is important to note that February's rise was revised to the downside, only 1.3% now. However, the overall y/y rise is still better than expected, and… 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.
