Abysmal Retail Sales Data Pressures The Pound

G10 Advancers and Decliners vs USD CHF -0.40 EUR -0.53 JPY -0.86 GBP -1.15 Currency markets have been in a state of choppy consolidation today after the overnight drama of the Fed discount rate hike. In the morning session, Eurozone PMI data highlighted continued improvement in February, with a much stronger than expected manufacturing component (54.1 vs. 52.7 forecast) compensating for the slightly lower than expected – but nonetheless firm – growth in the services…

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Abysmal Retail Sales Data Pressures The Pound

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