Pound reaches about eight-month high as retail sales increase

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Source: Bloomberg
© Scanpix/FP
The U.K.'s currency has inched up 0.3% to $1.6046 getting close to the eight-month high amid increase in retail sales index. The diffusion index, the customer spending indicator, advanced to 34 compared to 27 in August, which signals improvements in the U.K. economy. Over last 6 months the Sterling gained 5.8% versus the greenback becoming the best performer so far.
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Wed, 25 Sep 2013 17:26:03 GMT

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