Pound Strengthens Ahead Of U.K. Retail Sales Data
December 18 2014 - 4:26AM
RTTF2
At 4:30 am ET Thursday, U.K 's Office for National Statistics
will release its retail sales report. Retail sales, including auto
fuel, are expected to grow 4.4 percent year-over-year in November
after the 4.3 percent rise in October. Excluding auto fuel, retail
sales are estimated to increase at a slower rate of 4.5 percent
following the 4.6 percent climb in the previous month.
Ahead of the data, the pound advanced against its major
counterparts.
The pound was trading at 1.5628 against the greenback, 185.25
against the yen, 0.7883 against the euro and 1.5267 against the
franc as of 4:25 am ET.
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