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Sterling falls after poor Retail Sales data (Tom Holian)
Sterling Euro exchange rates have fallen this morning as predicted in one of my previous articles as the Greeks are now close to a resolution and UK Retail Sales falling by more than expected.
The estimate wad for 4.9% but with the release only showing 4% this has seen Sterling falling against the single currency and all other major currencies this morning following the announcement.
There is little economic data coming out this week to have too much of an impact but the ongoing Greek issue is causing the volatility for Sterling vs Euro exchange rates.
Next Tuesday UK GDP figures are due out and any revision could cause further movement on exchange rates.
If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]
Source: http://www.eurorateforecast.com/2015/07/23/sterling-falls-after-poor-retail-sales-data-tom-holian/
