EUR/GBP moves on the upward trajectory after the downbeat after the Office for National Statistics (ONS) reported a weak United Kingdom (UK) Retail Sa
EUR/GBP continues the winning streak after downbeat UK economic data. UK Retail Sales dropped to 0.9% against the anticipated 0.1% decline. German PPI data reveals a decline in prices in the primary markets. les data for September. The pair trades higher at five-month highs around 0.8740 during the European session on Friday. Monthly Retail Sales showed a 0.9% drop, contrary to the anticipated 0.1% decline. August saw a modest rise of 0.4%. On an annual basis, sales contracted by 1.
In a statement on Wednesday, European Central Bank President Christine Lagarde noted that underlying inflation remains robust, and wage growth continues to maintain historically high levels. These factors contribute to the ongoing narrative surrounding the Euro's performance against the British Pound. Germany's Producer Price Index showed a price decrease in the primary markets. The monthly figures indicate a decline of 0.2%, which is quite a deviation from the anticipated 0.
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