Like the U.S., the United Kingdom’s economy relies to its greatest extent on spending in the consumer sector, and today’s release of retail sales data suggests that consumers in the U.K. are finally feeling confident enough to open up their collective pocketbooks a little bit more. The Pound Sterling is higher against the U.S. Dollar, trading at 1.6096 and sentiment on OpenBook is bearish by a margin of 3 to 1 as of this writing. Read more
