UK CPI was realaed this morning with lower results than expected by 50%. The prediction was 0.6% while only 0.3% was given. This pushes a fall in infaltion for the first time since July 2010.
GBP/USD went from 1.6316 to 1.6239, currently trading at 1.6253.
Retail sales are at their lowest as the British Retail Consoritum confirmed. Like-for-like sales dropped 3.5% in March. This is the worse retail situation Britain has seen in 16 years.
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