GBP/USD: Sterling slumped to a near 2-week low, despite British retail sales volumes surging by the most in nearly two-and-a-half years in annual terms, leaping by 6.7 percent in March. The major traded 0.2 percent down at 1.3013, having hit a low of 1.3002 earlier, it’s lowest since Apr. 5. Immediate resistance is located at 1.3121 (Apr. 5 High), a break above could take it near 1.3149 (Apr. 1 High). On the downside, support is seen at 1.3000, a break below targets 1.2976 (Mar. 29 Low). Against the euro, the pound was trading 0.1 percent up at 86.49 pence, having hit a low of 86.80 on Wednesday, it’s lowest since Mar. 22.
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