FXstreet.com (Barcelona) - Pound's retreat from 1.6635 high has extended to session low at 1.6500, as the Sterling lost about 70 pips on the back of weaker than expected retail sales.
UK retail sales volume has remained flat in September, against market expectations of 0.5% increase. Year on year, retailers have seen their sales volume growing at a 2.4% pace in September, while market expectations were for a 2.7% increase.
At the moment, the Pound trades at 1.6510 with next support levels at 1.6500 session low, and below here, 1.6425 and 1.6340/60. On the upside, the Pound might find resistance at 1.6575 previous session low and above here, 1.6635 (Oct 21 high) and above here, 1.6690 and 1.6745 (Jun 30, Sept 11 highs).