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BK Big Trade – GBP/USD New Orders 02.18.2016 – Stopped out
2/21 -- Stopped out
BK Big Trade -- GBP/USD
Place Order to Buy GBP/USD at 1.4323
UK Retail Sales are scheduled for release and we have strong reasons to believe that consumer spending increased in the month of January. The British Retail Consortium has already reported a big increase in spending and the decline in shop prices eased. Most importantly the labor data showed fewer claimants and a lower unemployment rate. Wages ex earnings also increased which is good for spending. Finally investors are optimistic about the U.K.’s talks with the EU which is also helping the pound.