The pound traded higher against most of the other major currencies yesterday, boosted by the upside surprise in UK retail sales, as well as by increased optimism over Brexit. The dollar and the yen stayed on the back foot as the broader market sentiment remained supported. As for today, CAD-traders will turn their attention to Canada’s CPIs for August.
UK Retail Sales Beat Estimates, Optimism Around Brexit Increases
The pound traded higher against most of its G10 peers on Thursday. It gained the most against JPY, USD and NOK, while it lost some ground only against SEK. The British currency traded virtually unchanged against EUR and CHF.
Sterling got a strong boost yesterday after the upside surprise in UK retail sales for August. Headline sales rose 0.3% mom during the month, which still marks a slowdown from the upwardly
Read the full financial markets daily report on JFD Research.