Sterling Strengthens with Growing Retail Sales & Manufacturing

The Great Britain pound rose today as the UK retail sales in November and Britain’s manufacturing in October in increased more than was forecast.

The UK retail sales grew 0.7 percent in November, following the 0.8 percent growth in October. The UK manufacturing output increased by 0.6 percent in October. It rose by 0.2 percent in September and was expected to increase by 0.4 percent last month.

GBP/USD went up from 1.5714 to 1.5783 as of 12:37 GMT today after it rose to the intraday high of 1.5821. GBP/JPY rose from 129.88 to 130.35.

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