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UK Retail sales rise more than expected- EUR/GBP edges closer to 2024 low at 0.8383
The release of the UK retail sales data for August has now hit the screens and it has been a beat. The previous monthly data was revised slightly higher too. UK sales rose by 1% in August. The reaction in the Pound has seen the GBP/USD unsurprisingly lift above that 1.33 handle. The EUR/GBP is pushing lower again too. The Euro has fallen ever closer to the noted 0.8383, 2024 low following this data. The prospect of that level being tested has been highlighted here for some time now and it has just hit a session low after this data, at 0.8388.
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