With both UK and US markets having exciting report releases, this week is vital for those trading GBP/USD. Still recovering from last week’s CPI and PPI report, the USD is spiked up with Retail Sales Report coming out this week. Expectations are for a MoM print of 1.1% vs 0.7% in September. This is likely to better explain whether or not purchasing will decrease due to inflation. If this wasn’t enough, the UK’s GBP is also something to pay close attention to this week as the inflation and unemployment data will release. To learn about what other continbuting factors that are important to focus on, please see the following link:
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