The Dollar sold off sharply after the release of weaker than expected US Retail Sales report. Cable surged 100 pips on the release and added another 50 or so pips after IMF revised down US GDP projections. It is up nearly 200 pips from post-CPI daily low just above 1.46. Immediate resistance comes in at 1.4790 - 1.4800 (H1 200 SMA, H4 50 SMA, D1 10 SMA).

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