Posts Tagged ‘Gaza’
GBP Faces Retail Sales Slump, EUR Keeps Eyes on Key PMI, USD Weathers Geopolitical Storms
GBP Sterling saw a decline on Friday in response to the latest Retail Sales data for September released by the UK Office for National Statistics. These figures revealed a 0.9% drop in Monthly Retail Sales, a crucial gauge of consumer spending, significantly worse than the expected 0.1% decrease. In contrast, August witnessed a 0.4% increase…
Read MoreSterling Weakens on Soft Wage Data, Eurozone Concerns Loom & Dollar Holds Steady
GBP Sterling retreated against both the Euro and Dollar this week after the release of soft wage data, which further reinforced BoE’s decision to hold interest rates for the time being. The three-month-to-August Average Earnings, excluding bonuses, softened to 7.8%, as expected, compared to the previous release of 7.9%. Alongside this, Average Earnings data, including…
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