GBP RETAIL SALES

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Technical Analysis Daily Majors & Minors GBP/USD - is sitting at the opening level of 1.6049 in Asia. The pair is consolidating Wednesday losses ahead of UK retail sales report. But hoe will the result effect the pair? EUR/USD - was showing some shy attempts of a rebound from weekly low at 1.2632 posted in Asia to 1.2646 at the European open; however, it had to retreat back to current 1.2630 again. But which direction will this move in?

Quick Daily update Lloyds Banking Group is planning to cut around 9,000 jobs - around a tenth of its entire workforce - over the next three years, the BBC understands. Builders are preparing to construct new UK homes at a rate not seen since the before the financial crisis, new figures show. KPMG and financial regulators have been criticised in a report by MPs into Co-op Bank's failed bid to buy 632 Lloyds branches last year.

Daily News To Watch Thursday 23rd October 2014 Previous Forecast Actual 09:30am GBP Retail Sales m/m 0.4% - 0.1% 13:30pm USD Unemployment Claims 264k 269k

By Nikhil Pankhania

Senior Market Analyst & Trader

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