UK Retail Sales in 2 Hours

 Posted by at 3:19 PM  FX Market
Feb 202020
 

We will be having UK retail sales announcement at 530pm (+8GMT). Analysts’ forecast is at 0.7%.

Trade idea is simple.

A higher than expected result may drive GBP up. If so, I will sell GBP against USD.
A lower than expected result may drive GBP down. If so, I will buy GBP against AUD.

Take away should be around 0.30 to 0.50% move.

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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