FxPro Forex Analysis: GBO softer after sales data

GBP sitting above 1.6000 after softer than expected retail sales data for September. Both headline and underlying measures fell 0.3%, coming on the back of MPC minutes yesterday which were more cautious on the global economy overall. We’ve also seen a mixed picture in terms of eurozone data, with better German PMI data contrasting with weaker numbers from France. EURUSD remains in trapped in a tight range for now though.