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Pound Drops After Unexpectedly Poor Retail Sales Data

April 21, 2017 at 11:48 by Vladimir Vyun

20-pound banknotesThe Great Britain pound fell today after the release of disappointing retail sales data for March.

Britain’s retail sales fell 1.8% in March from February. Forecasts promised a much smaller drop by 0.3%. The sterling slipped following the report but remained at relatively elevated levels that it has reach after the surprise announcement of a snap general election on June 8.

GBP/USD slid from 1.2810 to 1.2778 as of 11:35 GMT today after rallying to 1.2834 intraday. GBP/CHF dropped from 1.2787 to 1.2751.

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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