The currency pair GBP/USD declines to 2-week lows due to the weaker-than-expected U.K. retail sale volumes

Market news

28 May 2014

The currency pair GBP/USD declines to 2-week lows due to the weaker-than-expected U.K. retail sale volumes

The Confederation of British Industry released the U.K. retail sale volumes. The U.K. retail sale volumes dropped unexpectedly in May. The CBI retail sales volume balance was +16 in May, from +30 in April. It means that retail sales volume climbed in May from last year.

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European stock markets mid session: stocks traded little changed after the release of disappointing economic data in the Eurozone

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