The Pound gained versus the Dollar after weak CPI results in the U.S. Retail Sales came out -1.2% weaker than -0.5% expected. Overall, GBP/USD traded with a low of 1.5345 and a high of 1.5477. GBP/USD has corrected upwards after reaching oversold conditions according to the RSI indicator. GBP/USD main trend is still downwards, but a correction to 1.56 is possible. No economic data expected today.
GBP/USD - Last: 1.5475