Saturday, March 30, 2013

Retail Sales Data Positifkan Sterling Performance

Data Retail Sales Positifkan Kinerja Sterling

Monexnews-Pound rose to the highest level in three weeks against the dollar after a Government report showed that retail sales in the United Kingdom increased.

Sterling terapresiasi against 12 of the 16 major currencies over the data put a damper on speculation that the Bank of England will add stimulus that normally affect the currency will weaken. The Pound rose to the highest level in five weeks against the euro as Germany's manufacturing berkontraksinya and Appendix operation problems for Cyprus that bailout spurred the demand for an alternative to the single currency. Meanwhile, the United Kingdom Government bonds strengthened.

"The Data certainly is good news for sterling," said Kathleen Brooks, Research Director at Forex.com in London. "Retail sales Data was better than economists expected. It really is very positive for the pound. "

(fsyl)



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Title Post: Retail Sales Data Positifkan Sterling Performance
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Author: Mohammad Zulfi Satriawan

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