Spain Retail Sales (YoY) increased to 4.4% in March from previous 3.9%

The GBP/USD pair appears to have found renewed just above the mid-point of 1.45 handle and now takes on the recovery mode towards daily tops reached previously at 1.4596. The cable remains pressured this Wednesday as markets are expecting a weaker UK GDP print in wake of the EU referendum. The first estimate of UK’s Q1 2016 GDP will published at 08.30GMT.