Pound appreciates to 8-week high following optimistic retail sales data

Source: WBPonline
© Scanpix\Reuters
The Sterling was sent higher versus the U.S. Dollar, as U.K. July's retail sales data came in positive. The Sterling strengthened 0.53% to $1.5581 against the greenback, as retail sales advanced 1.1%, following a 0.2% jump in June. The Britain's currency rose 0.21% to £0.8531 against the Euro and gained 0.29% to 152.52 versus the Japanese Yen.
Back to articles

Actual Topics

Thu, 15 Aug 2013 10:42:07 GMT

U.K. retail sales top expectations

U.K. retail sales increased more than it was forecasted by economists in July as the hot weather conditions fueled demand for food and alcoholic beverages. According to Office for National Statistics, sales grew 1.1% in July; however, analysts predicted 0.7% rise. Retail sales have increased for three straight months, making it the first time in four and a half years.

Thu, 15 Aug 2013 09:37:10 GMT

Oil jumps for fifth day amid Middle East concerns, decline in U.S. inventories

Oil prices prolonged their five-day jump, continuing their previous climbs and aiming even higher amid escalated concerns in the Middle East countries and a sharp fall in U.S. oil supplies. WTI futures advanced 0.24% to $107.11 per barrel and the European benchmark Brent increased 0.57% to $110.83. U.S. crude inventories dropped by 2.8 million barrels to 360.5 million barrels.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.