British Pound outperforms Euro despite weak UK Retail Sales data
EUR/GBP trades on the back foot on Friday and is set to end the week in negative territory, as the British Pound (GBP) outperforms most major peers despite weaker-than-expected UK Retail Sales data, while upbeat German economic data fails to provide meaningful support to the Euro (EUR). At the time of writing, the cross is trading near more than one-week lows around 0.8635. Read More…
British Pound trades higher despite United Kingdom fiscal worries escalate
The British Pound (GBP) is up against its major currency peers, but is marginally down to near 1.3420 against the US Dollar (USD) during the European trading session on Friday. The British currency rises even as concerns over United Kingdom (UK) public finances have escalated. Read More…
British Pound sits near two-week high vs weak JPY; bulls shrug off weak UK Retail Sales
The GBP/JPY cross attracts some dip-buyers on Friday and sticks to modest intraday gains through the first half of the European session. Spot prices currently trade just above mid-213.00s, close to a nearly two-week high set on Thursday, and seem poised to register strong weekly gains amid a broadly weaker Japanese Yen (JPY). Read More…
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