{"id":82135,"date":"2015-12-08T06:46:44","date_gmt":"2015-12-08T11:46:44","guid":{"rendered":"http:\/\/countingpips.com\/?p=82135"},"modified":"2015-12-08T06:49:16","modified_gmt":"2015-12-08T11:49:16","slug":"sterling-falls-following-soft-retail-sales-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/sterling-falls-following-soft-retail-sales-data\/","title":{"rendered":"Sterling Falls Following Soft Retail Sales Data"},"content":{"rendered":"<div id=\"inves-141709445\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 8, 2015<\/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<p>Sterling is under performing on Tuesday following a worse than expected miss in UK RBC retail sales figure, which unexpectedly fell 0.4% year over year for the headline figure, which provided a backdrop for yields to move lower pushing the differential against the greenback in favor of the U.S. dollar.<\/p>\n<p>Prices moved lower for a third consecutive trading session, after coming off resistance levels seen near the 20-day moving average at 1.5131.\u00a0 Support on cable is seen near the recent lows at 1.4905.\u00a0 Momentum on the currency pair is negative as the MACD (moving average convergence divergence) index prints in the red with a downward sloping trajectory that points to a lower exchange rate. The relative strength index (RSI) moved lower with price action reflecting accelerating negative momentum.\u00a0 The current print of the RSI is 40, which is on the lower end of the neutral range.<\/p>\n<p>The UK\u2019s BRC retail sales index disappointed in November, unexpectedly falling by 0.4% year over year in the headline same-store sales measure. Economists had forecast 0.5% year over year growth. The BRC said that the UK\u2019s version of Black Friday was disappointing compared with the previous year. Tuesday\u2019s report follows CBI\u2019s retail sales survey from the same month, which also underwhelmed expectations. Sales had been robust over the September to October period, and the November lull might be a pause that refreshes into the holiday season.<\/p>\n<p><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/gbp-120815.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-10056\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/gbp-120815-300x197.jpg\" alt=\"gbp-120815\" width=\"300\" height=\"197\" \/><\/a><\/p>\n<p>&nbsp;<\/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\">www.forextime.com<\/a><\/p><div id=\"inves-934213931\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Sterling is under performing on Tuesday following a worse than expected miss in UK RBC retail sales figure, which unexpectedly fell 0.4% year over year for the headline figure, which provided a backdrop for yields to move lower pushing the differential against the greenback in favor of the U.S. dollar. Prices moved [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-82135","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82135","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=82135"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82135\/revisions"}],"predecessor-version":[{"id":82138,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82135\/revisions\/82138"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}