Sforex

Sterling: I see Eurozone problems begin to spread to UK

Short
FX:GBPUSD   British Pound / U.S. Dollar
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3
Last week, UK Retail Sales and CPI missed the forecast, I see Eurozone problems begin to spread to UK.

The brightest spot of UK is consumer spending, but it seems lost momentum when Retail Sales slumped from 5.9% to 3%

A surrender white flag I draw on the chart show that Sterling cut its rally at SMA50 and SMA200 + Kumo cloud.

This week, like EURUSD , I support more downtrend of GBPUSD to 1.5030

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