The Great Britain dropped today after the report showed that the decline of retail sales in the UK last month was biggest that anticipated by analysts.
The retail sales slid 1.4 percent in May from April, compared to the forecast of a 0.5 percent fall. The drop was both in value and volume. The report suggested that the sales fell because of “the economic climate, for example increasing fuel prices and uncertainty over job prospects and pay”.
GBP/USD slipped to 1.6116 from 1.6191 today as of 11:19 GMT after rising to 1.6224. GBP/JPY fell to 130.11 from 131.05.
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