Sterling appreciates against Euro after positive retail sales report

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Source: Bloomberg
© Scanpix/Reuters
The Pound advanced against the common currency after a retail sales report in the U.K. showed an 0.2% increase in June. June is the second month with growth in retail sales, signaling that the recovery is gaining pace. The currency added 0.1% to 86.17 pence per Euro as of 12:30 p.m. in London. Also yield on 2-year bonds declined 0.04 percentage points to 0.27%.
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