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Pound Mixed Ahead Of U.K. Retail Sales Data

04:25, 18th September 2014

(RTTNews) - U.K. Office for National Statistics is scheduled to release its retail sales report for August at 4:30 am ET Thursday. Retail sales, including automobile fuel, are expected to grow by 4 percent year-over-year in August following the 2.6 percent rise in July. Sales, including fuel, are estimated to increase 0.4 percent month-over-month, after the 0.1 percent climb in July.

Ahead of the data, the Pound showed mixed trading against its major rivals. While the Pound retreated against the Euro, the Yen and the Swiss franc, the Pound held steady against the U.S. dollar.

As of 4:25 am ET, the Pound was trading at 0.7902 against the Euro, 1.5283 against the Swiss franc, 177.06 against the Yen and 1.6304 against the U.S. dollar.

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