Forex news for European trading on May 18, 2017:
Markets:
– Gold down $1 to $1259
– WTI crude down 69-cents to $48.38
– UK 10-year yields down 2 bps to 1.05%
The surge in UK retail sales raised eyebrows and skepticism but it also raised the pound. The strong headlines sent cable above 1.30 before it finally stalled ahead of offers at 1.3050. That’s the highest since early October.
ForexLive European morning FX news wrap: Pound tops 1.30 after retail sales beat
ByAdam Button
May 18, 2017