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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. Retail Sales slipped badly in the March release, coming in at -0.5%. This was well below the forecast of 0.4%. The markets are expecting better news from the April report, with an ... (full story)