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3/23/2017, 11:31 AM (Source: TeleTrader)
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Pound touches one-month high on rise in retail sales

Sterling continued to climb on Thursday in a third consecutive session, buoyed by last month's rebound in retail sales in the United Kingdom. Sentiment was also improved by a signal from Ben Broadbent, deputy governor of the Bank of England, who told participants at an event at the Imperial College it's very possible policymakers would increase interest rates.

The British currency was 0.16% in the green at $1.2505 at 11:28 am CET, after hitting $1.2528, the highest point since February 24. At the same time, the euro was down 0.35% against the pound, buying 0.86172, compared to the daily low of 0.86052, unseen since March 3.

Baha Breaking the News (BBN) / IT