Market insights

Retail Sales Ahoy

The next 24 hours could see GBP/USD get a degree of volatility.

Just after lunch it's US retail sales numbers out followed by the UK report at breakfast tomorrow.

Outside of that the Pound has been further bolstered this morning with quarterly GDP growth coming in at 0.6%.

Services were seen as the main contributor to this growth.

Overall the Pound has continued its good form through the course of the week, and with little Euro centric news scheduled GBP/EUR could continue in the same vein.

Business news is dominated by the pay deal agreed with train workers. This should see an end to further industrial action.

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Economic calendar

US: 13:30 Retail Sales

UK: Friday 07:00 Retail Sales

As ever we look forward to keeping you in the loop and look out for our next update.

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