The much anticipated US retail sales report exceeded expectations for December and helped bolster risk appetite mainly for US indices (not European), especially as the US & China formalised round 1 of the trade deal. For 2019, US retail sales rose 3.6%, down from 5.0% in 2018. More on this below. Despite growing expectations for BoE rate cut later this month, GBP is the strongest currency of the day. A new trade action/adjustment has been issued to Premium subscribers.