Tag Archives: Rebound
Pound Sterling Strengthens on Rebound in Retail Sales
The UK economy received another boost as retail sales rebounded in July, rising by 0.5% month-over-month, after a revised 0.9% decline in June. This positive retails sales data has contributed to a rise in the pound’s value. GBP/USD rose 0.72% last Friday, closed at 1.2940. (GBP/USD Daily Price Chart) The recovery in retail sales can […]