Great Britain pound fell down to a new absolute minimum level against the euro today as the fresh economic data from U.K. signaled that the output growth will probably slow down significantly.
The survey by the Royal Institution of Chartered Surveyors showed that more than at any time since 1978 (the year when they started to collect this data) of its members are reporting lower prices.
The British Retail Consortium also reported that the retail sales in U.K. decreased in March by 1.6% for the first time in two years, signaling that a weakness in the consumer sector of the economy is accompanying the housing market slump.
EUR/GBP rose from 0.8010 to 0.8041 as of 9:02 GMT today on Forex. Its daily maximum was reached at 0.8063 before retracing to its current rate.
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