GBP/USD: Disappointing UK Retail Sales could inflict more damage – SocGen GBPUSD EURGBP RetailSales UnitedKingdom Banks
The pullback was exacerbated by overbought conditions, and the decline in inflation provided the catalyst for investors to take profits.
The 200-DMA for EUR/GBP runs at 0.8730. The question of whether to buy the dip is not straightforward.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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