(Bloomberg) -- The U.K. pound fell for a second day
versus the dollar after a report showed retail sales growth
slowed last month, reinforcing speculation four interest-rate
increases since August are crimping expansion.
Sales growth in Europe's second largest economy slowed to an
annual 3.9 percent last month, from 4.2 percent in April, the
Office for National Statistics said today. A separate report
showed house prices rose at the weakest pace in a year in May.
The data may make it less likely the Bank of England will raise
interest rates, eroding the lure of pound-denominated assets.
Read more at Bloomberg Currencies News
versus the dollar after a report showed retail sales growth
slowed last month, reinforcing speculation four interest-rate
increases since August are crimping expansion.
Sales growth in Europe's second largest economy slowed to an
annual 3.9 percent last month, from 4.2 percent in April, the
Office for National Statistics said today. A separate report
showed house prices rose at the weakest pace in a year in May.
The data may make it less likely the Bank of England will raise
interest rates, eroding the lure of pound-denominated assets.
Read more at Bloomberg Currencies News
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