FX Guys

Pound Australian Dollar Exchange Rate News: GBP/AUD Firmed amid as UK Retail Sales Continue to Strengthen

April 11, 2023 – Written by John Cameron

Pound (GBP) Bolstered by Strengthening Retail Sector

The Pound (GBP) found renewed strength against most of its peers on Tuesday morning in the wake of stronger-than-expected retail sales figures. The British Retail Consortium (BRC) published the latest retail sales monitor data, showing that sales climbed by 4.9% YoY compared to March of last year.

The improvement matched February’s increase and surpassed market expectations as Mother’s Day purchases boosted sales despite the cost-of-living…
Read More