FXstreet.com (Barcelona) - The Pound's decline experienced during Asian session has found support at 1.4515 low and the pair attempts to pick up, reaching to 1.4575 resistance level after UK CBI reported the highest retail sales volume in 15 months.
CBI retail sales have posted a balance of +3 in April from -44 in March, which could indicate that the consumption slump has hit its bottom in the UK.. April's sharp increase has been a positive surprise, as market consensus was for a -40 balance.
The Pound experienced an slightly positive reaction to these figures, jumping from levels around 1.4525 to test resistance level at 1.4575. In case of successful move above here, the Pound could find resistance at 1.4650 and 1.4710. On the downside, support levels stand at 1.4515, 1.4445 and 1.4395 (Apr 22 low).
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