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Pound Sterling Shows Resilience After UK Retail Sales Slump in April
Pound sterling edged higher against the US dollar but fell against other major currencies in early European trade on Friday after retail sales slumped more than expected in April with broad-based weakness across most sectors.
U.K. Shoppers Spent Less in April as Inflation, Rain Damped Sales -- Update
U.K. shoppers held back on spending last month as consumers on both sides of the Atlantic prove reluctant to spend in stores amid still-high price inflation.
Pound Gets Boost as UK Vote Nixes Holdout Bets on June Rate Cut
The pound’s peer-beating rally received another boost this week as an interest-rate cut by the Bank of England next month became virtually unthinkable to traders.
Case For RBA Cuts Remains Pretty Compelling -- Market Talk
With recent talk among economists that the Reserve Bank of Australia will need to raise interest rates further there is still a camp that says the next move will be down.
U.K. Consumer Confidence Improves as Inflation Cools Further
Confidence among U.K. consumers rose a little in May, with easing inflation and the expectation of falling Bank of England interest rates set to boost Britons' spending power.
Former Bank of England official says early UK elections make interest rate cuts in June less likely
Currently, the possibility of cutting interest rates in June has disappeared, but the market may have underestimated the potential chance of cutting interest rates later this year.