UK Feb Sales Data Better than Expected

UK Feb Retail sales volume has come in at -25 Vs a forecast -52, a much better than expected result and the best result since June 2008.

The Cable spiked higher to a new daily high of 1.4578 upon the release of the numbers taking the EUR/GBP back to 0.8805 from its highs of 0.8830. If the EUR/GBP can break back below 0.8780 we should see it move back to retest the lows of the day at 0.8724.