The Pound declined against the Euro and the Dollar after British retail sales fell short of expectations. Sales including fuel fell 0.8% in February, the most in nine months, and worse than the expected decline of 0.5%. Moreover, the 0.9% increase realized in January was downwardly revised to a much smaller increase of just 0.3% ...
read more →The Pound declined against a basket of currencies yesterday after minutes from the Bank of England’s meeting showed two policy makers supported more easing. The seven remaining members voted to keep the current 325B pound target, however, the market is still concerned that the debates of further quantitative easing may be revisited which will be ...
read more →The Pound declined against the Euro while making gains against the Dollar despite a call by Fitch Investor Services for a potential downgrade to the UK from its top investment grade. The focus this week will be on the budget and tomorrow’s CPI release, with 3.3% y/y on headline and 2.3% y/y on core expected. ...
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