Pound drops on retail sales data
The pound took an early bath this morning with the release of the June retail sales data.
UK June retail sales were down 3.9% on the month, against a consensus 2.6% decline.
Sterling dropped to $1.9836 on the news and is currently just above that low at $1.9850. One euro is now worth 78.90 pence.
UK June retail sales were down 3.9% on the month, against a consensus 2.6% decline.
Sterling dropped to $1.9836 on the news and is currently just above that low at $1.9850. One euro is now worth 78.90 pence.
