January 20, 2023 – Written by John Cameron
STORY LINK Pound Euro (GBP/EUR) Exchange Rate Weakens as UK Retail Struggles
Pound Euro (GBP/EUR) Exchange Rate Slips as UK Retail Slumps
The Pound Euro (GBP/EUR) exchange rate weakened on Friday, as the UK’s retail sector saw falling sales during December.
At the time of writing, GBP/EUR traded at around €1.1414, a loss of 0.2% from Friday’s opening rates.
Pound (GBP) Weakens as UK Retail Sales Slump
The Pound (GBP) weakened on Friday, as December’s retail sales data showed a surprising fall. Analysts had forecast retail sales to increase from -0.4% to 0.5%, whereas the data printed at -1%, with November’s…
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