22/6/2009 – The Current Market Sentiment
The British pound could get rid off the pressure of the recent disappointing release of May retail sales which were expected to ease monthly to .4% from .9% in April and yearly to -.1% from 2.6% in April but they have slumped by .6% monthly and 1.6% yearly. The cable lost about 2.5 figures but it could find support again at 1.6200 area. The cable could rally to 1.65 by the end of the week but it could be sustained closing above this level which looked as a good chance to sell it again with no