Pound Mixed Ahead Of U.K. Retail Sales
22 May 2020 - 11:54AM
RTTF2
At 2.00 am ET Friday, the Office for National Statistics
publishes UK retail and government borrowing figures for April.
Economists forecast retail sales including auto fuel to decline 16
percent on a monthly basis after easing 5.1 percent in March.
Ahead of the data, the pound traded mixed against its major
counterparts. While the currency dropped against the yen and the
greenback, it held steady against the franc. Against the euro, it
rose.
The pound was worth 1.2217 against the greenback, 131.30 against
the yen, 0.8943 against the euro and 1.1866 against the franc at
1:55 am ET.
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