Is the GBP vulnerable to the retail data?
Great Britain will release the retail indicators at 11:30 MT time, on February 20…
The British pound has risen on Brexit hopes
Information is not investment advice
GBP/USD has risen by more than 80 pips as the British PM Boris Johnson succeed in backing his Brexit plan by his colleagues in the Conservative party. The cable has tested the resistance at 1.2380 on the news. If it is broken, the next key resistance level will lie at 1.2419. From the downside, it is recommended to pay attention to the support levels at 1.2315-1.2324. The next support lies at 1.2294.
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