FXstreet.com (Barcelona) - EUR/GBP has fallen close to 0.8900 level after a better than expected CBI retail sales data. Since the early European morning, EUR/GBP has lost around 60 pips from 0.8971, intra-day low, to 0.8910. Currently the pair is trading around 0.8910/20 after rising 0.07% so far today from opening price at 0.8909.
CBI retail sales have posted a balance of +3 in April from -44 in March, which could indicate that the consumption slump has hit its bottom in the UK.. April's sharp increase has been a positive surprise, as market consensus was for a -40 balance.
Yesterday, the pair lost 1.32% from opening price at 0.9025, reaching 0.9056 as maximum and 0.8882 as minimum, to close the day at 0.8907.
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