European Session -Flat US retail sales push dollar index to 3-month low, euro and pound rally
Posted on May 13, 2015 at 2:03 pm GMTThere was a barrage of economic data today that caused a lot of volatility in the currency markets. The first focus of the European session was on UK employment data and the Bank of England inflation report, followed by Eurozone first quarter GDP data and finally US retail sales. The pound surged to a 5-month high of 1.5746 against the dollar in reaction to data that showed UK unemployment fell to its lowest level since July 2008. Data showed a [..]