Friday, October 16, 2026

Technicals

Add as a preferred source on Google

GBP/USD aims 1.50 after UK retail sales beat

Cable climbs to aim 1.50after UK retail sales data beat Feb retail sales +0.8% vs +0.4% consensus. Jan retail sales revised upwards 0.4% Offers seen at 1.50, stops tipped above figure. 1.5008 was Mar 19 high 1.4972 = pre…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • Cable climbs to aim 1.50after UK retail sales data beat

  • Feb retail sales +0.8% vs +0.4% consensus. Jan retail sales revised upwards 0.4%

  • Offers seen at 1.50, stops tipped above figure. 1.5008 was Mar 19 high

  • 1.4972 = pre-UK retail sales data high. 1.4873-1.4897 was Asia range

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team