Market Overview

GBP/USD Moves Up, UK Retail Sales Rise


GBP/USD is trading at 1.3159, up 0.0116.

The pair is trading near the highs of the day after Wednesday's choppy session.

Market talk about the U.K. economic data and money flows has kept buyers and sellers active.

The U.K. Office for National Statistics (ONS) reported that retail sales in the United Kingdom rose 1.4 percent in July versus a 0.9 percent fall June. Year over year, retail sales rose 5.9 percent. The data was the first official ONS figure on consumer demand since the June 23 referendum to leave the European Union.


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Posted-In: british pound GBP/USDFutures Forex Markets