The latest UK retail sales report due out at 08.30 GMT 19 May 2016
Data risk head-up for GBP traders.
Here's what we had before:
and here's what's expected today.
The pound has its own agenda right now but given the fragility of the price action we should expect some knee-jerk if data comes in wide of the mark.
GBPUSD currently 1.4586 in a 1.4560-10 range for the moment. Data will need to be wild to shake it out of that. EURGBP in an even tighter range around 0.7690.