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Forex: EUR/GBP at fresh highs following UK retail sales

FXstreet.com (Barcelona) - The EUR/GBP continued its advance after the publication of economic data in the United Kingdom Thursday. During European trading, the pair edged higher to the 0.8566/70 level, establishing fresh session highs in these moments.

In the United Kingdom, Retail Sales (YoY) have shrank -0.5% in March, against expectations of -0.6%. Finally, Retail Sales ex-Fuel (YoY) have revealed +0.4% in March, vs. projections of +0.9%.

According to Gareth Berry, a Research Analyst at UBS, “With regards to the EUR/GBP, there is a bullish bias, as he cross came under pressure from resistance at 0.8648. A closing break above would open 0.8747, while downside should be limited and support is at 0.8490.”

Forex: GBP/JPY trading at 149.40/44 after retail sales data

The GBP/JPY has moved sideways during European trading Thursday, testing the threshold of negative territory in recent moments. Following the publication of economic data in the United Kingdom, the cross has settled at 149.40/44, incurring a marginal loss of -0.04% on the day.
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Forex: GBP/USD eased to 1.5220 on UK sales

The sterling is grinding lower on Thursday after the retail sales in the British economy posted an annual contraction of 0.5% in March, and rose 0.4% on a yearly basis excluding fuel...
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