{"id":130346,"date":"2018-07-19T07:15:50","date_gmt":"2018-07-19T11:15:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=130346"},"modified":"2018-07-19T06:47:20","modified_gmt":"2018-07-19T10:47:20","slug":"pound-hammered-as-u-k-retail-sales-disappoint","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/pound-hammered-as-u-k-retail-sales-disappoint\/","title":{"rendered":"Pound hammered as U.K retail sales disappoint"},"content":{"rendered":"<div id=\"inves-3068966561\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 19, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>The British Pound was immediately attacked by sellers on Thursday morning after retail sales tumbled -0.5% in June, well below the 0.2% market expectation.<\/p>\n<p>With wage growth disappointing and inflation cooling as well, is this really the right environment to raise interest rates? Market expectations over the Bank of England raising interest rates next month are now likely to be heavily diminished and this can already be reflected in the Pound\u2019s bearish price action. With the Sterling highly sensitive to monetary policy speculation, further losses may be witnessed as investors scale back bets of a rate hike this quarter.<\/p>\n<p>The GBPUSD has plunged to a 10-month low below 1.2990 this morning and has scope to extend losses as long as bears can maintain control below 1.3000. If the Dollar continues to appreciate, the next key level of interest can be found around 1.2950.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/gbpusddaily_519.png\" alt=\"\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer:\u00a0<\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The British Pound was immediately attacked by sellers on Thursday morning after retail sales tumbled -0.5% in June, well below the 0.2% market expectation. With wage growth disappointing and inflation cooling as well, is this really the right environment to raise interest rates? Market expectations over the Bank of England raising interest [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-130346","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=130346"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130346\/revisions"}],"predecessor-version":[{"id":130356,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130346\/revisions\/130356"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=130346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=130346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=130346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}