Sábado, 17 Marcha, 2018

Sterling SURGES to 7-month high against dollar over Trump fears

GETTYThe pound surged after strong retail sales GETTYThe pound surged after strong retail sales
Irune Rengel | 18 May, 2017, 14:44

The sharp increase in retail sales was largely attributable to the timing of Easter, which fell much later than previous year, and warm weather throughout April.

The volume of sales rose by 2.3 per cent during the month, and four per cent year-on-year, according to the Office for National Statistics (ONS).

City of London analysts had expected growth of 1 per cent, following March's 1.8 per cent decline.

Sterling jumped another 0.4 per cent against the dollar to move above $1.3 for the first time since last September during Thursday morning trading.

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They are fighting, especially in spring and summer, motivated teams- those who want to get into European Cups or avoid relegation. For an expert, it is a reason to ensure a stable income with the competent rates combined with rational management of the bank.

At the same time, strong retail sales helped lift the pound, which also moved up against the euro by aroud 0.6 per cent to 1.69.

It said: " Anecdotal evidence from retailers suggests that good weather contributed to growth".

The pound jumped above $1.30 against the United States dollar for the first time since September as British retail sales rebounded during a sunny April.

"Today's figures do at least support our view that with credit conditions remaining supportive, employment growth still strong and consumers' confidence robust, household spending growth is likely to slow only gradually this year rather than collapse completely", said Ruth Gregory at Capital Economics.

Cristiano Ronaldo abrió marcador para Real Madrid con sensacional zurdazo
Por su parte, el conjunto de Eduardo Berizzo llegan al duelo sin nada en juego, debido a que quedó eliminado en las semifinales de la Europa League.

Spurred by the pound's steep depreciation in the wake of the Brexit vote past year, accelerating inflation means that Britons are now facing a living standards squeeze.

The pound's slump since the Brexit vote has ratcheted up everyday prices as manufacturers pass down soaring costs to consumers and imported goods become more expensive. The annual rate of growth doubled to 4% from 2% in March.

Rising inflation is expected to take its toll on consumer spending this year - knocking the main engine behind United Kingdom economic growth since the end of the financial crisis.

"This coincides with monthly falls in average store prices across all retailers except food stores and textile, clothing and footwear stores", the ONS said.

Oil rises 2% after Saudi and Russian Federation back longer supply cut
"Our goal is to balance the market and to remove the surplus (from stocks)", Novak told reporters in St Petersburg. Ministers from Opec and non-Opec countries meet to decide policy on May 25 in Vienna.


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