0430 UK Retail Sales y/y (-0.4% expected) - We haven't seen a clear signal on this indicator in awhile, and with some strange price action lately on this news, be careful that the monthly number has a significant surprise in the same direction in order to stick with a trade here. If a trend develops, I recommend holding no longer than 45 minutes.
If it comes out at +0.2%, GBP/USD should rally 40+ pips.
If it comes out at -0.8%, gbp/USD should sell off 40+ pips.
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