The Pound is fell for the third consecutive day in a row against the Dollar and accumulated a decline. The Retail Sales came out 2.1% better than expected 0.6% but it did not help the pair to move up and it momentary broke the 1.48 level but recovered slightly later. If the Pair will trade below 1.4870, farther decline is possible. Overall, GBP/USD traded with a low of 1.4797 and with a high of 1.5. Today, the Business Investment is expected at -5.6% vs. -5.8% previously.
GBP/USD - Last: 1.4870