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.
If you have any questions, comments or opinions regarding the Great Britain Pound, feel free to post them using the commentary form below.
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GBP/JPY, GBP/USD, Great Britain, Manufacturing, Pound, Retail Sales
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Earlier News About the Great Britain Pound:
- Britain's Pound Gains vs. Dollar, Weakens vs. Euro (2010-12-02)
- Pound Surges vs. Euro as Concerns About Europe's Debt Grow (2010-11-30)
- Pound Strengthens vs. Franc on King's Statement (2010-11-25)
- Irish Bailout Undermines Demand for Pound (2010-11-19)
- Decline of Unemployment Claims Bolsters Pound (2010-11-17)
