Pound under a little pressure again as UK retail sales come in weaker
Stop me if you've heard this one before but this latest data helps illustrate that all is not so well in the UK
Post-FOMC we've seen cable rally to 1.5295 after holding 1.5200 but the 1.5300-10 area remains decent resistance. Now we've gone back down through some tech support and bids between 1.5250-60 to post 1.5324 only to run into more buyers
EURGBP failed below 0.6990 again and re-visited 0.7010
Whether you choose to sell high/buy low or vice versa these two pairs are providing some great opportunity within tight ranges at the moment
Currently 1.5248 and 0.7013
