The Sterling lost value to the USD on Wednesday as risk adverse winds began to effect traders. Today Retail Sales will be released from the U.K. and a result of 0.5% is the estimate. Tomorrow the Prelim GDP will be brought forward. However, storm clouds coming from Europe and dollar centric sentiment stemming from poor investor attitudes may prove to be the real testing ground for the GBP today. The U.K. certainly has important data and it may confront investors in a tough manner with any negative surprises. The combination of important U.K. releases and the whirlwinds coming from its major economic counterparts could prove a volatile mix.
Written by bforex.com
