Fri, 25 Jul 2014 05:42:11 GMT
Pound hits one-month low after retail sales
As a result of a disappointing 0.1% rise in retail sales in the UK, the Cable dropped to the lowest value in one month, corresponding to a decrease of 0.18% to 1.7014. This also caused the Euro to rise against the Pound by 0.28%, recovering from a 22-month low from 0.7873 to 0.7922, also supported by manufacturing PMI growth.