Pound tumbles on abysmal retail sales figures
The pound plunged at the end of last week’s session as GBP investors were dismayed by some lacklustre UK data.
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The pound plunged at the end of last week’s session as GBP investors were dismayed by some lacklustre UK data.
The pound managed to tick higher earlier in the week, despite the UK’s latest GDP data showing a sharper-than-forecast slowdown in the UK economy. The
The US dollar was left on the back foot on Wednesday amid a prevailing risk-on mood.
The pound ticked higher on Tuesday, in response to the UK’s latest employment figures.
The euro firmed on Monday after Emmanuel Macron claimed victory in the first round of the French presidential election.
The pound traded in a wide range against most of its peers last week as the currency continued to be undermined by the UK’s cost-of-living crisis.
The pound strengthened on Tuesday as the UK’s latest services PMI was revised higher in its final print.
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