Pound slides on UK retail sales data

Note: This section contains information in English only.
Source: WBP Online
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 speculations that the BoE will become the first major central bank to hike rates. 

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