The British pound climbed marginally vis-Ã -vis the U.S. dollar today as cable tested offers around the US$ 1.6555 level and was supported around the $1.6455 level. Positive data were released by CBI today that noted the July monthly distributive trades retail sales balance improved to -15 from -17 in June. These data could suggest the worst of the retail slump has passed in the U.K. although economists note final private demand remains weak. Cable bids are cited around the US$ 1.6260 level. The euro moved lower vis-Ã -vis the British pound as the single currency tested bids around the ‚¤0.8620 level and was capped around the ‚¤0.8645 level.
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