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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-UK retail sales data high. 1.4873-1.4897 was Asia range

 

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