UK CBI retail sales balance has come in at -16 in August from -15 in July, worse than the median forecast of -13 and certainly worse than our -11 forecast.
Expectations balance -14 or September, highest since July 2008. Business situation balance -2 in August from -8 in May, highest since November 2008.
Cable trades under 1.62. Having been to a session low 1.6178 it’s presently at 1.6190. Next technical support at 1.6170.
EUR/GBP triggered aforementioned stops around .8810, reaching .8817 before settling back, presently at .8810.
