Spanish National News
POUND EURO (GBPEUR) EXCHANGE RATE DROPS ON DISAPPOINTING RETAIL FIGURES
The Pound took a thumping against the Euro (GBPEUR) this morning following the publication of the most recent UK retail sales figures.
Sterling declined against the Euro by 0.8% as UK retail sales were 1% down in August against the previous year. It …
The Pound took a thumping against the Euro (GBPEUR) this morning following the publication of the most recent UK retail sales figures.
Sterling declined against the Euro by 0.8% as UK retail sales were 1% down in August against the previous year. It was widely expected that the figures would remain stagnant. Year-on-year retail sales increased 2.3% in August, which is much lower than the 3.2% which had been forecast by analysts. The poor results was mostly a result of to a decline in food sales. The decline was the worst for ten months.
The Pound Sterling to Euro Exchange Rate (GBPEUR) dropped to below of 1.1900 as of 11:00 GMT.
Sterling has seen a good rally over the last six months, but the recent retail figures have given analysts a reality check. Consistent positive data will be required in order to see a further strengthening of the Pound.
For online international payments with bank-beating exchange rates, visit www.leadercurrency.com and open an online FX trading account TODAY!
Filed under: http://www.theleader.info/article/40686/
Car and Motor Insurance | Spanish Home Insurance | International Money Transfers | Send Money to Spain | Spain Property | Online International Payments | Property in Spain
Costa Blanca Property for Sale | Cabo Roig Property for Sale | International Payments |
-
Around Spain3 days ago
Alicante Airport Security Staff to Resume Strikes over Easter
-
Daily Brief2 weeks ago
Spain Today – Friday 15 March 2024
-
News2 weeks ago
Special coin celebrates 200 years of the National Police in Spain
-
News2 weeks ago
It’s a Special Day for Dad in the Week Ahead from 18 March 2024