{"id":76326,"date":"2015-08-05T06:32:33","date_gmt":"2015-08-05T10:32:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=76326"},"modified":"2015-08-05T07:40:45","modified_gmt":"2015-08-05T11:40:45","slug":"sterling-edges-higher-versus-euro-following-soft-retail-sales","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/sterling-edges-higher-versus-euro-following-soft-retail-sales\/","title":{"rendered":"Sterling Edges Higher versus Euro Following Soft Retail Sales"},"content":{"rendered":"<div id=\"inves-244814324\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 5, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Sterling has traded at a new two-week high versus the euro while holding steady against the dollar in the 1.5670-80 area, below the intraday high at 1.5806 but comfortably above the day\u2019s low at 1.5726. Much weaker than expected Eurozone retail sales data saw the euro come under pressure. The UK July Markit services PMI also came in below expectations at the headline reading, falling to 57.4 from June\u2019s 58.5, but the pound hasn\u2019t seen much collateral damage as the forward-looking new orders sub component rose to 58.6 from 57.2.<\/p>\n<p>The composite PMI worked out at 56.6, down marginally from June\u2019s 56.9 but still indicating robust expansion in the UK economy. The market is also mindful of tomorrow\u2019s inaugural BoE \u2018 super Thursday\u2019, which, among other things, is likely to see the minutes reveal MPC members Weale and McCafferty resume, after a six-month hiatus, their votes to hike rates by 25 basis points.<\/p>\n<p><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/08\/eurgbp-080515.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-8564\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/08\/eurgbp-080515-300x190.jpg\" alt=\"eurgbp-080515\" width=\"300\" height=\"190\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Sterling has traded at a new two-week high versus the euro while holding steady against the dollar in the 1.5670-80 area, below the intraday high at 1.5806 but comfortably above the day\u2019s low at 1.5726. Much weaker than expected Eurozone retail sales data saw the euro come under pressure. The UK July [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-76326","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=76326"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76326\/revisions"}],"predecessor-version":[{"id":76332,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76326\/revisions\/76332"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=76326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=76326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=76326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}