GBP Rates Improve on Retail Sales

Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Sterling has had a good start to the mornings session following positive Retail Sales figures released at 09:30. The Office for National Statistics said retails sales volumes including automotive fuel rose 0.2% last month beating forecasts for a 0.5% fall, after February’s 0.9% decline. With figures being much better than expected we have seen the pound gain 0.3% this morning.

For those with an interest in Euro/dollar rates are currently at anear 18 month high, possibly a good time to trade should you need to buy dollars.