British pound more expensive after retail boost

» Updated: September 21 2024

» Published: September 20 2024

British pound more expensive after retail boost
Photo: Alastair Grant AP/TT

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Retail trade in the UK increased by 1 percent in August compared to the previous month. It was more than expected. Analysts had on average expected an increase of 0.4 percent, according to a Bloomberg compilation.

The pound rises a few öre to 13.52 kronor per pound after the figures. The British currency is also strengthening against the dollar.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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