GBP/USD: Trading the U.K. Retail Sales Release |
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Private-sector consumption in the U.K. is expected to weaken for the second consecutive month in October as economist forecast retail sales to fall another 0.9% following the 0.4% decline in the previous month. Fears of a severe economic downturn has intensified as Great Britain heads into a recession for the first time since 1991. Trading the News: U.K. Retail Sales What’s Expected Time of release: 11/20/2008 09:30 GMT, 04:30 EST Primary Pair Impact : GBPUSD Expected: -0.9% Previous: -0.4%
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