Thu, 20 Aug 2015 10:32:04 GMT
Pound slides on UK retail sales data
The Sterling plunged versus the Greenback on Thursday, following weaker-than-expected sales figures from the UK. The official data reported that the volume of retail sales advanced 0.1% in July after a 0.1% decline in June, missing the estimate of +0.4%. The Cable lost 0.36%, trading at $1.5620 by 09:19 AM GMT. Meanwhile, the weak retail sales data did not support