The British Pound Sterling, on Thursday, August 17, edged past 91 pence per euro after a mixed batch of UK retail sales on Wednesday helped the pound pull away from 10-month lows hit a day earlier.
Month-on-month the sales numbers were marginally higher than forecast although headline year-on-year growth dipped to 1.3 percent from a revised 2.8 percent a month earlier and compared to forecasts of 1.4 percent.
The reaction on the pound was relatively minimal, but helped it gain a third of a percent on the day to 91.01 pence per euro, compared to Wednesday’s low of 91.44 pence.
Against the dollar it was also marginally higher at $1.2895, Reuters reports.
