The mighty U.K. consumer seems to be taking a break. Retailers saw fewer shoppers entering their shops this year than last in the traditional second day of Christmas sales, according to preliminary data from retail intelligence firm Springboard.
Last week's bill, set to be made law at some time in January, has seen the greenback snubbed by traders and has helped to lift the Pound-to-Dollar rate back toward its December highs. The Euro also surged ahead against the US currency Friday, despite ...
Since then the British currency appears to have faltered, ceding ground to a stronger Dollar on Tuesday and just about managing to cling onto a 40 point gain over the Euro, - which was thanks in large part to greater weakness in EUR/USD.
U.K. Prime Minister Theresa May has worked the phones through Thursday night and on the morning of Friday, December 9 was able to announce a deal to complete the first round of Brexit negotiations had been reached.