Tuesday , 26 November 2024
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GBP/USD: GBP stumbles after firm Retail Sales – Scotiabank

Stronger than expected August Retail Sales (up 1.0% in headline terms versus a 0.4% rise expected) drove the pound to its highest in 2 1/2 years against the USD and the highest in 2 years against the EUR, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

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