January 17, 2025 – Written by David Woodsmith
STORY LINK FTSE Record High Limits Pound Sterling Selling on UK Retail Sales Setback
Pound Sterling to Euro (GBP/EUR) and US Dollar (GBP/USD) exchange rates dipped after weaker than reported retail sales data on Friday, but did manage to stabilise later in the European session.
There was net Pound support from gains in equities with the FTSE 100 index posting a record high in early trading following reports of merger talks between Glencore and Rio Tinto.
The…
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