March 24, 2023 – Written by John Cameron
STORY LINK Pound Australian Dollar Exchange Rate News: GBP/AUD fluctuated despite strong UK retail sales
Pound (GBP) Undermined by Lingering Recession Fears
Meanwhile, the Pound (GBP) struggled to find a clear direction on Friday against some of its peers. Despite retail sales printing far above market forecasts with a 1.2% increase, the Pound still succumbed to looming recession fears.
Against expectations of a modest 0.2% rise in retail sales volumes, the figure jumped by 1.2% for the month of February, highlighting the resilience of the sector. Consumers appeared to have shrugged…
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