GBP/USD slides despite strong retail sales in the United Kingdom, since USD dominance prevails
The sterling pound records losses against the strong US dollar, however, it remains above 1,3300. A solid retail sales report in the United Kingdom failed to support the cable, which records losses of 0.20% while the GBP/USD is negotiated at 1,3311. Read more …
The pound sterling gains ground after surprisingly positive retail sales data in the United Kingdom
The sterling pound (GBP) bounces in front of its main peers on Friday after the publication of surprisingly positive retail sales data in the United Kingdom for March. The National Statistics Office (ONS) has reported that retail sales, a key indicator of consumer spending, increased an intermencing 0.4%, while economists had anticipated a 0.4% drop. In February, the consumer spending indicator grew 0.7%, decreased down from 1%. Read more…
Retail sales in the United Kingdom rise an intermensual 0.4% in March compared to -0.4% expected
Retail sales of the United Kingdom (UK) increased an intermencing 0.4% in March after advancing 0.7% in February, according to the latest data published Friday by the National Statistics Office (ONS). The markets were waiting for a 0.4% drop in the month reported. Read more …
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
