Bloomberg News

British Pound Stays Higher Against Dollar After Retail Sales

December 20, 2012

The U.K. pound stayed higher against the dollar and was little changed versus the euro after a report showed retail sales were unchanged in November.

Sterling was 0.1 percent stronger at $1.6263 against the dollar at 9:38 a.m. London time. The pound traded at 81.38 pence, from 81.41 pence yesterday.

Sales including fuel were unchanged from October, when they fell 0.7 percent, the Office for National Statistics said today in London. The median forecast of 22 economists in a Bloomberg News survey was for a 0.4 percent increase.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

To contact the editor responsible for this story: Keith Jenkins at kjenkins3@bloomberg.net


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