GBP/USD is advancing in today’s session following a rather volatile trading day on Thursday. The pair is currently at 1.3005, a gain of 0.49% over Thursday’s North American close. GBP/USD advanced on Thursday, reaching is highest level since late September 2016, following the release of UK Retail Sales for April. UK Retail Sales volume surged 2.3% in April, compared to consensus forecast for an increase of 1.0%. The year-over-year increase of 4.0% was also higher than the expected reading of 2.1%. The March monthly decline was also revised from 1.8% to 1.4%. Core Retail Sales rose 2% month-over-month, while the ... (full story)