• GBP / USD: Pound updated 8-week low of $ 1.5922 after the release of UK data

Market news

18 January 2013

GBP / USD: Pound updated 8-week low of $ 1.5922 after the release of UK data

GBP / USD continued to fall after weak retail sales data in Britain. Breakdown of support, the pair updated session lows at $ 1.5922, noting a decline of 0.4% for the day. In December, the UK retail sales rose by 0.3% y / y vs. 1.1% y / y In monthly terms, had dropped by 0.1% against expectations of 0.2%. Sales excluding fuel marked decline by 0.3% in monthly terms in December vs. 0.1%, while year - rose 1.1% vs. 2.1%. At the moment the pair rebounded from the lows reached in around $ 1.5940.

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