GBP/USD slips in Asian trading ahead of UK sales report at 6am GMT

At 6am GMT this morning the UK will release its March Retail Sales report. The markets are expecting sales to have fallen last month, by around 0.5%, compared to a gain in February of 1%. Ahead of this report the GBP/USD has fallen back from an opening Asian high at 1.3347. The Pound had closed in the US last night at 1.3342. The low seen so far today has been set at 1.3280. Much of that fall is because the dollar more generally has rebounded today, as just noted in the previous update on the USD/JPY. At the same time, the Pound has performed relatively well, as demonstrated by the overnight fall in the EUR/GBP and rise above 190 in the GBP/JPY. That said, this sales data could add or detract from that and so it is important data. There will be an update once this hits the screens at 6am GMT. The GBP/USD is right now at 1.3288