The U.K. currency retreated from a previous advance versus the euro as attractiveness for the currency declined after a report showed worse than expected numbers for monthly retail sales in Britain before the end of this week’s session.
The pound lost versus several currencies including the U.S. dollar and the euro after a retail sales report showed an increase of 0.3 percent in December, much below what forecasts suggested on their majority, expecting a growth beyond 1 percent. Even if retail sales forced the pound down, it remains a winner versus the euro this month with almost 2 percent of gains versus the European single currency.
EUR/GBP closed the week at 0.8767 from 0.8694 on Thursday.
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