Pound in need of retail sales growth

Source: WBP Online
© Scanpix/Reuters
The Cable has reached its 4.5-month low against the Greenback, after the Federal Reserve reported positive growth numbers. The Sterling stopped its continuous slip after several members of Bank of England voted for an increase in the benchmark rate. Experts forecast retail growth rate to be at 0.4%, following a decline of 0.1% in period before. Total sales are expected to surge by 0.4% as well. The pair contracted by 0.1% to $1.6580 at the time of writing.
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