GBPUSD

UK Retail Sales Weaker Than Expected, GBPUSD Unfazed

GBPUSD stabilize today after weaker retail sales but seems that the market has already discount much of the weaker economic data. UK Retail Sales came in at -0.3% below the expectations of 0.2% in February. The yearly reading for Retail Sales came in at 0% below the consensus of 0.8%. Excluding fuel, the Retail Sales came in at -0.5%, below the forecasts of -0.2%.

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