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Old 04-20-2012, 05:51 AM
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Default GBP/USD Reaches 5 Month High on the Heels of Positive Retail Sales Data

GBP/USD reached it's highest point since November 10th 2011 after today's news that UK retail sales surged in March.

The Bank of England's latest meeting cast doubt among analysts on the prospect of further QE in the near term, which has also helped to strengthen the GBP against it's major counterparts.

GBP/USD Daily Chart

Chart courtesy of thinkorswim
Disclaimer: There is a substantial risk of loss in trading stocks, futures, options and forex. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities.
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