European Session – Euro regains 1.14 handle as markets await Eurogroup, dollar pressured by soft US CPI, Fed
Posted on June 18, 2015 at 2:15 pm GMTAll eyes are on the Eurogroup meeting today now that the FOMC meeting is out of the way. However, some key economic data from the UK and US briefly stole investors’ attention. May retail sales for the UK rose above expectations, by 0.2% m/m versus 0% forecast. Retail sales excluding auto fuel came in at 4.4%, above expectations of 4.3%. Today’s data coupled with Wednesday’s strong UK employment data helped lift the pound higher. In addition, a broadly softer US [..]