Thu, Dec 17 2009, 08:43 GMT
by
FXMarketAlerts Team
- FXMarketAlerts
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Published at 08:21 (GMT) 17 Dec
EUR/GBP bounced quite nicely from a shade below .8860 support, and in the meantime Cable is unusually trading as a 'slow' EUR/USD. UK retail sales data is due at 09.30gmt, where we expect a slightly better than consensus 0.6% m/m increase (mkt +0.4%), Whether this will keep GBP outperforming is the big question - we suspect that it will provide a better level to sell some. PB
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