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The pound has climbed above $1.30 for the first time since September

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The pound has climbed above $1.30 for the first time since September

LONDON — The pound has jumped above $1.30 for the first time since September 2016 on Thursday morning after better than expected retail sales figures from the Office for National Statistics suggested that British consumers are still spending.

Retail sales rose by 2.3% compared to the month of March, while on a year-to-year basis, sales were up by 4% against April 2016.

Those numbers compared to forecasts from economists of 1% monthly growth, and 2% y-o-y growth prior to the release.

This boosted sterling, with the currency jumping sharply against the dollar to trade at 1.3043 on the dollar around 10 minutes after the release, a gain of 0.5% from the open.

Here is the chart:

Screen Shot 2017 05 18 at 09.42.14

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LONDON — The pound has jumped above $1.30 for the first time since September 2016 on Thursday morning after better than expected retail sales figures from the Office for National Statistics suggested that British consumers are still spending.

Retail sales rose by 2.3% compared to the month of March, while on a year-to-year basis, sales were up by 4% against April 2016.

Those numbers compared to forecasts from economists of 1% monthly growth, and 2% y-o-y growth prior to the release.

This boosted sterling, with the currency jumping sharply against the dollar to trade at 1.3043 on the dollar around 10 minutes after the release, a gain of 0.5% from the open.

Here is the chart:

Screen Shot 2017 05 18 at 09.42.14

Markets Insider

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2ruj8JA

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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