16 April 2021, GBP/USD
GBPUSD trading plan:
US retail sales rebounded 9.8% last month, the largest increase since May 2020, the Commerce Department said. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. The broad-based rebound was led by motor vehicles, with receipts at auto dealerships accelerating 15.1%. Sales at clothing stores soared 18.3%. Consumers also boosted spending at restaurants and bars, leading to a 13.4% jump in receipts. Online retail sales increased 6.0%. This is a positive factor for the dollar. Crude oil prices edged higher, trading near one-month highs on increasing optimism for demand growth as the global economy recovers. This is a negative factor for the dollar.
Investment idea: range 1.3750 -1.3850.
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