Sterling Rallies on Strong Retail Sales as Yen Struggles
Sterling climbed broadly today, fueled by unexpectedly strong UK retail sales data that more than compensated for the lackluster consumer confidence report. Despite ongoing high interest rates and persistent inflation, British consumers appear to be resilient, continuing to spend. This bolsters the position of hawkish members within the BoE’s MPC, who may push harder for […] The post Sterling Rallies on Strong Retail Sales as Yen Struggles appeared first on Action Forex.
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Sterling climbed broadly today, fueled by unexpectedly strong UK retail sales data that more than compensated for the lackluster consumer confidence report. Despite ongoing high interest rates and persistent inflation, British consumers appear to be resilient, continuing to spend. This bolsters the position of hawkish members within the BoE’s MPC, who may push harder for […]
The post Sterling Rallies on Strong Retail Sales as Yen Struggles appeared first on Action Forex.
