-
GBP/USD: Trading the British Retail Sales
British Retail Sales is considered one of the most important economic indicators. A reading that is higher than the market forecast is bullish for the British pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 8:30 GMT. Indicator Background Retail Sales is the primary gauge of consumer spending, a critical component of economic growth. Traders should treat this indicator as a market-mover, as an unexpected reading can have a major affect on the direction of GBP/USD. Retail Sales posted a decline in June of 0.2%, the first decline we’ve seen in three months. This reading ... (full story)