Forex News – UK retail sales beat forecasts lifting sterling
Posted on March 27, 2014 at 10:29 am GMTUK retail sales data beat forecasts to rise in February, sending the British pound to a 3-week high against the euro. According to data from the Office of National Statistics sales volumes jumped 1.7% month-on-month in February and 3.7% year-on-year. The monthly figure showed a rebound from January’s 2.0 % drop. Forecasts were for retail sales to rise 0.5% on the month and 2.5% on the year. The retail sales figures include auto fuel of which sales increased 0.9%. Acting [..]