Pound Drops After Unexpectedly Poor Retail Sales Data

The Great Britain pound fell today after the release of disappointing retail sales data for March.

Britain’s retail sales fell 1.8% in March from February. Forecasts promised a much smaller drop by 0.3%. The sterling slipped following the report but remained at relatively elevated levels that it has reach after the surprise announcement of a snap general election on June 8.

GBP/USD slid from 1.2810 to 1.2778 as of 11:35 GMT today after rallying to 1.2834 intraday. GBP/CHF dropped from 1.2787 to 1.2751.

If you have any questions, comments or opinions regarding the Great Britain Pound,
feel free to post them using the commentary form below.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *