Currency pair GBP / USD continues to decline within the equidistant descending channel. The main reason for the strengthening of the American currency was the publication of inflation data for the United States and the increase in the yield of 10-year US Treasury bonds. As for the data, the US Department of Labor reported that in January, the consumer price index did not change, held by cheaper gasoline. But excluding food and energy components, the index rose in January by 0.2%, which coincided with the change for December. In addition, the UK consumer price index in January fell to 1.8%, but analysts predicted a decline to 1.9%.
We remind you today will be the publication of data on retail sales excluding cars. The forecast is 0.1%. Data on retail sales excluding cars are published by the US Census Bureau on a monthly basis. Reflect the total sales of retailers of all sizes and types, with the exception of car dealers. The change in sales in the retail sector is the main indicator of consumer spending.
As of the morning, February 14, the price mark for the GBP / USD currency pair is trading in the range of 1.2855 - 1.2870. Since, technically, the currency is within the equidistant descending channel, we consider sales. The signal to enter the market will be breaking through the support level of 1.2822.
We remind you today will be the publication of data on retail sales excluding cars. The forecast is 0.1%. Data on retail sales excluding cars are published by the US Census Bureau on a monthly basis. Reflect the total sales of retailers of all sizes and types, with the exception of car dealers. The change in sales in the retail sector is the main indicator of consumer spending.
As of the morning, February 14, the price mark for the GBP / USD currency pair is trading in the range of 1.2855 - 1.2870. Since, technically, the currency is within the equidistant descending channel, we consider sales. The signal to enter the market will be breaking through the support level of 1.2822.