Pound V euro: GBP rises ahead of Bank of England policy announcement

Pound V euro: GBP rises ahead of Bank of England policy announcement
 

The GBP/EUR exchange rate has climbed 0.4 per cent to €1.137, despite a run of solid Eurozone PMIs, after data showed that retail sales grew significantly faster than expected during November.
Predicted to inch up from 0.3 per cent to 0.4 per cent last month, transaction volumes growth instead rose from an upwardly-revised 0.5 per cent to 1.1 per cent.
Year-on-year transactions recovered from a -0.3 per cent fall in September to record growth of 1.6 per cent, beating the consensus expectations of 0.3 per cent.
ONS Senior Statistician Rhian Murphy said: “Underlying retail sales growth... read more

 
14 December 2017 in Business, Views: 50
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