UK retail sales<\/a> unexpectedly slumped -0.3% MoM in December, defying expectations of a rise of 0.4% MoM. Retail sales were just 0.1% in November.<\/p>\nThe data comes after soft GDP data earlier in the week of 0.1% growth after two months of contraction.<\/p>\n
The euro rose, but gains could be limited given that the ECB is expected to continue cutting rates.<\/p>\n
Eurozone inflation was 2.4% YoY in December, in line with November and as economists expected.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound ero (GBP\/EUR) exchange rate fell for a second straight session on Friday and booked losses across last week – the third straight weekly decline. The pound fell after UK retail sales unexpectedly slumped -0.3% MoM in December, defying expectations of a rise of 0.4% MoM. Retail sales were just 0.1% in November. The […]<\/p>\n","protected":false},"author":163946598,"featured_media":5599,"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-118792","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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