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

Stop 1.4123

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.

Swing

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