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

Note: This section contains information in English only.
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.
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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

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