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ٹریڈنگ خبریں
18 Apr 2013
Forex: EUR/GBP at fresh highs following UK retail sales
FXstreet.com (Barcelona) - The EUR/GBP continued its advance after the publication of economic data in the United Kingdom Thursday. During European trading, the pair edged higher to the 0.8566/70 level, establishing fresh session highs in these moments.
In the United Kingdom, Retail Sales (YoY) have shrank -0.5% in March, against expectations of -0.6%. Finally, Retail Sales ex-Fuel (YoY) have revealed +0.4% in March, vs. projections of +0.9%.
According to Gareth Berry, a Research Analyst at UBS, “With regards to the EUR/GBP, there is a bullish bias, as he cross came under pressure from resistance at 0.8648. A closing break above would open 0.8747, while downside should be limited and support is at 0.8490.”
In the United Kingdom, Retail Sales (YoY) have shrank -0.5% in March, against expectations of -0.6%. Finally, Retail Sales ex-Fuel (YoY) have revealed +0.4% in March, vs. projections of +0.9%.
According to Gareth Berry, a Research Analyst at UBS, “With regards to the EUR/GBP, there is a bullish bias, as he cross came under pressure from resistance at 0.8648. A closing break above would open 0.8747, while downside should be limited and support is at 0.8490.”