Pound Rises with Strong Retail Sales

The Great Britain pound gained today with the help of surprisingly strong retail sales. It was just another evidence that the Brexit had no impact on Britain’s economy, at least not yet.
British retail sales climbed 1.4% in July after falling 0.9% in June. The actual increase was far above the predicted growth by meager 0.1%. The report another positive indicators released earlier this week, which were suggesting that the UK economy weathers the Brexit just fine.
GBP/USD advanced from 1.3039 to 1.3152 as of 16:11 GMT today. EUR/GBP dropped from 0.8655 to 0.8618.

If you have any questions, comments or opinions regarding the Great Britain Pound,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *