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GBP Falls vs. USD, Rises vs. JPY After Retail Sales Report

July 18, 2013 at 13:34 by Vladimir Vyun

Banknotes of 5, 10 and 20 poundsThe Great Britain pound fell against the US dollar and rose versus the Japanese yen after a report showed that retail sales increase last month, but the rate of growth was significantly slower than in the prior month.

UK retail sales were up 0.2 percent in June from May, when they rose 2.1 percent. The sales were growing for the second month after two months of declines. Earlier, the pound was rising on falling unemployment and signs that the central bank is not planning to expand stimulus.

GBP/USD fell from 1.5210 to 1.5199 as of 13:34 GMT today, while its daily low was at 1.5148. GBP/JPY went up from 151.46 to 152.34.

If you have any questions, comments, or opinions regarding the Great Britain Pound, feel free to post them using the commentary form below.

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