12 April 2022, GBP/USD
GBPUSD trading plan:
British retailers reported weaker annual sales growth last month, reflecting growing pressure on consumer. The British Retail Consortium said total retail spending among its members - mostly large chains and supermarkets - was 3.1% higher than a year earlier, compared with 6.7% annual growth in February. The Bank of England and economists are closely watching retail data for signs of a drop-off in consumer spending, as households face what government forecasters predict will be the biggest cost-of-living squeeze since records began in the 1950s. The broader official measures of consumer price inflation - which includes a wider range of goods and services than the BRC measure - hit a 30-year high of 6.2% in February.
Investment idea: sell 1.3045 and take profit 1.2985.
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