Canada: Retail Sales expanded 0.6% in July

FXstreet.com (Edinburgh) - According to Statistics Canada, domestic retail sales expanded 0.6% inter-month during July, banging on estimates. Over the last twelve months, sales exceeded expectations growing 1.0%.

GBP/USD breaks down the 1.5970 and tests 1.5950

The Sterling is trading under pressure against the US Dollar as a new wave of risk aversion is taking the market. Early in the day, the Cable fell apart after discouraging UK data released fell short of market expectations.
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