Pound soft as consumer optimism slides
UK retail data yesterday gave the pound a boost after suggesting consumer spending was weathering the storm of strong inflation and weak wage growth.
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UK retail data yesterday gave the pound a boost after suggesting consumer spending was weathering the storm of strong inflation and weak wage growth.
The pound was putting in a mixed performance ahead of the UK’s Q2 growth data.
Poor growth forecasts for the UK weren’t enough to stop GBP from rising against many of its peers yesterday.
The US dollar had a rather underwhelming few days thanks to a lack of data.
A surprising result from the UK’s latest inflation report left the pound tumbling against the majors on Tuesday.
Markets had been eagerly awaiting speeches from Janet Yellen, but the Federal Reserve Chair disappointed with a more cautious outlook on inflation tha
The pound was able to firm against several of the majors on Thursday thanks to yet another comment from a Bank of England (BoE) official.
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