Shock UK retail sales slump dents pound
A surprise decline in UK retail sales weighed heavily on the pound ahead of the weekend as the odds of an imminent Bank of England (BoE) interest rate
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A surprise decline in UK retail sales weighed heavily on the pound ahead of the weekend as the odds of an imminent Bank of England (BoE) interest rate
The pound trended lower on Friday in response to an abysmal retail sales print from the UK.
After soaring to a three-year high in the wake of Boris Johnson’s massive election victory, the pound has suffered a sharp sell-off over the last mont
The pound trended slightly higher yesterday as markets appeared to shrug off concerns about Brexit and the Bank of England (BoE).
The pound was undermined on Wednesday as weak UK inflation figures fuelled further speculation of an interest rate cut from the Bank of England (BoE)
The pound firmed yesterday, edging up from a three-week low on the back of some optimistic Brexit comments from Boris Johnson.
A surprise -0.3% monthly UK growth contraction saw the pound fall sharply out of favour at the start of the week.
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