The British pound is powering ahead today against its US counterpart as more positive data raises speculation that a rate hike from the Bank of England again this year is a real possibility.
Retails sales figures from the UK released earlier today hit the market at 0.3 percent which was well above expectations for a figure of -2.2 and shows that even though the pound has lost a significant amount of purchasing power due to the uncertainty of Brexit, consumers are not afraid to spend.
Retails sales figures from the UK released earlier today hit the market at 0.3 percent which was well above expectations for a figure of -2.2 and shows that even though the pound has lost a significant amount of purchasing power due to the uncertainty of Brexit, consumers are not afraid to spend.
