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Pound/Euro rises by 0.5% after strong UK Services data

Pound/Euro rates have recovered by half a point this morning. The gains have reversed the fall into the €1.13’s that we saw yesterday. Yesterday’s drop came after some poor manufacturing numbers. However this morning, rates have picked back up again into the mid €1.14’s. This…

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Sterling up slightly after better than expected Retail Sales

Good morning. We’ve just seen the latest UK Retail Sales numbers, which came in significantly above forecast at 1.6%. Markets only expected a gain of 0.7%, so the better result has helped the Pound gain slightly against the Euro. This…

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