Dollar rally sends cable to session low
US retail sales have gained at a 5.1% annualized pace over the past three months in a sign of a re-awakened consumer. That's the type of statistic that gets the Fed excited about a potential rate.
It took a few minutes but GBP/USD fell below 1.5400 after the data and down to 1.5391.
USD/JPY is also snagging a bid, up to 119.88 from 119.58.
I think the number is good enough to sustain some gains but keep a close eye on stocks. S&P 500 futures are down 6 points. Industrial production is due in a few minutes as well.
