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Pound pops Positively – Video Analysis

Market Analysis

Pound pops Positively –  Cable popped upward on the UK retail sales data, which rose 0.3% m/m versus the median forecast for a more modest of 0.1% m/m rise. The underlying trend also remained solid, with the three-month on three-month measure rising by 0.9%. The data is a relief for markets, which had been primed for a downside shock in light of weak BRC and CBI October surveys.

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Stuart Cowell

Senior Market Analyst


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