Another opportunity to trade the GBP

Another opportunity to trade the GBP

Great Britain will release the level of retail sales at 11:30 MT time on November 15.

Last month the actual level of retail sales came out much lower than the forecast. The GBP/USD pair plunged. The GBP needs strong support in times of uncertainties around the Brexit deal. If the situation with October figures is different, the GBP will be able to strengthen.

• If the actual data is higher than the forecast, the GBP will rise.

• If the actual data is lower than the forecast, the GBP will fall.

Check the economic calendar

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Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

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