GBP/USD slips despite strong UK Retail Sales as USD dominance prevails
The Pound Sterling registers losses against the strong US Dollar, yet it remains above 1.3300. A strong UK Retail Sales report failed to underpin Cable, which registers losses of 0.20% as the GBP/USD trades at 1.3311.Read More…
Pound Sterling gains on surprisingly positive UK Retail Sales data
The Pound Sterling (GBP) bounces back against its major peers on Friday after the release of surprisingly positive UK Retail Sales data for March. The Office for National Statistics (ONS) has reported that retail sales, a key measure of consumer spending, rose by 0.4% month-on-month, while economists had anticipated a 0.4% decline. In February, the consumer spending measure grew by 0.7%, revised lower from 1%. Read More…
UK Retail Sales jump 0.4% MoM in March vs. -0.4% expected
The United Kingdom (UK) Retail Sales jumped 0.4% month-over-month (MoM) in March after advancing 0.7% in February, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.4% drop in the reported month.Read More…
