Dear Traders,

Keep an eye out on the GBPUSD and the impact from today’s UK retail sales report at 9:30am GMT.

The GBP has been trending up 0.4% in early morning trading against the US dollar, and Fibonacci indicators could support levels of 1.5582 before setting the stage for further recovery at 1.5666.

Binary options provides the best approach to this trading opportunity due to the fixed profit percentage and known risk in advance of the trade. If that’s not attractive enough, Tradesmarter is offering the GPBUSD at all-time high payouts of 88% returns on the pair, every hour through the Lunar New Year celebrations!

To better understand how to trade GBPUSD binary options, schedule a training session at +44-2033185970 or by emailingsupport@startoptions.com today. You don’t need to have a funded account, but it helps if you want to make a trade!

Market Events:

Trade Alert for UK Retail Sales Report

Released monthly, measures the change in the total value of inflation-adjusted sales at the retail level. Markets are looking for an increase of 0.6% versus a decline of -0.4% in activity in December of last year.

Why is it important?

It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity. On a technical level the pound has been gaining momentum against the USD, so positive fundamentals should reinforce the direction.

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