retail sales<\/a>, which rose 0.8% MoM in March, rebounding from -0.3% in February.<\/p>\nThe data overshadowed German factory orders which unexpectedly fell -0.4% MoM, defying expectations of a 0.4% rise.<\/p>\n
The pound fell despite the UK construction PMI rising to 1a 14-month high. The PMI rose to 53 in April, up from 50.3 in March.<\/p>\n
The composite PMI released last week also indicated strong growth in business activity.<\/p>\n
The BoE rate decision is on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro exchange rate (GBP\/EUR) is falling after a modest gain yesterday. The euro is rising, boosted by stronger-than-expected retail sales, which rose 0.8% MoM in March, rebounding from -0.3% in February. The data overshadowed German factory orders which unexpectedly fell -0.4% MoM, defying expectations of a 0.4% rise. The pound fell despite the […]<\/p>\n","protected":false},"author":163946598,"featured_media":5501,"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-117705","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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