FXstreet.com (Barcelona) - UK CBI retail sales index has improved in September, reaching levels well above expectations, and the Pound has bounced, returning to levels above 1.5900 and reaching right below 1.5955.

CBI Retail sales have reached a balance of +3% between retailers achieving higher year on year sales volumes, and those whose sales were lower year on year. In August the retail sales balance was -16%, and the market consensus for September, has advanced a balance of approximately -13%.

GBP/USD has extended its recovery from 1.5825 session low, as the pair broke above 1.5900 reaching levels at 1.5935, and approaching session high at 1.5955.

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