UK retail sales were stronger than expected<\/a>, rising 1% MoM, ahead of forecasts of 0.4%.<\/p>\nThe data comes after the BoE left rates unchanged at 5%, and warned that the central bank was in no rush to lower rates.<\/p>\n
The euro fell against the pound again last week owing to diverging ECB – BoE interest rate expectations.<\/p>\n
German wholesale inflation rose 0.2% MoM in August, in line with July but ahead of the 0.1% forecast.<\/p>\n
Looking ahead UK & Eurozone PMI data is due on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) has risen above \u20ac1.19 to close the week at \u20ac1.1934. The pound gained after UK retail sales were stronger than expected, rising 1% MoM, ahead of forecasts of 0.4%. The data comes after the BoE left rates unchanged at 5%, and warned that the central bank was in no rush to […]<\/p>\n","protected":false},"author":163946598,"featured_media":3849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":{"0":"post-118318","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-eur-gbp","11":"tag-gbp","12":"tag-gbp-eur"},"acf":[],"yoast_head":"\n
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