The Pound rose against the Dollar after a report showed U.K. June retail sales rose more than economists predicted, damping concern that the economy might slip back into a recession. Retail Sales came out at 0.7% vs. 0.5% forecast. The main support of the GBP/USD on the one hour chart is 1.5230, if the price trades below this level the momentum will be bearish, the RSI is above 50 which means a positive trend, the next resistance on the daily chart is 1.5340 .Overall, GBP/USD traded with a low of 1.5149 and with a high of 1.5296. Today, Prelim GDP is expected at 0.6% vs. 0.3% prior.
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