UK retail sales<\/a> jumped 0.7% MoM, up from 0.3% and ahead of forecasts of 0.2%, boosted by the hot June weather.<\/p>\nMeanwhile UK public sector net borrowing unexpectedly fell thanks to a rise in tax receipts.<\/p>\n
The euro is holding firm in a quiet day on the economic calendar and as investors look ahead to the ECB rate decision next week<\/p>\n
The ECB is expected to hike rates by 25 basis points and the meeting comes as inflation shows signs of cooling.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is holding steady after gains in the previous session. The pound briefly rose after UK retail sales jumped 0.7% MoM, up from 0.3% and ahead of forecasts of 0.2%, boosted by the hot June weather. Meanwhile UK public sector net borrowing unexpectedly fell thanks to a rise in tax […]<\/p>\n","protected":false},"author":163946598,"featured_media":5444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-114795","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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