GBP crosses

GBP holding well above 1.5800 despite poor retail sales data

EUR/GBP has moved more than cable after the worse-than-expected UK retail sales data. The cross has jumped above .8060 but cable has only lost 10 pips or so. Much of this is to do with the large barrier protection at 1.5800 I’m sure.

I’m done for the day, have a great evening and catch you tomorrow.

Leave a Reply

Your email address will not be published. Required fields are marked *