The British Pound dropped sharply in European trading after Retail Sales printed substantially lower than expected, shrinking -1.6% in the year to May versus forecasts for a -0.4% decline. Sterling dropped over 150 pips against the US Dollar and lost -0.7% against against a trade-weighted average of top currencies in a mere 30 minutes following the data's release. Will bearish momentum continue from here? Our DailyFX analysts offer their top ideas for trading GBP in the days ahead.
Al Bawaba
