The Pound Sterling outperforms its major peers as UK Retail Sales grew at a faster-than-expected pace in August; Fears of UK inflation remaining persistent have deepened after an

Sterling edged up against the dollar and the euro on Friday, as strong UK retail sale data provided an extra boost to the currency's upbeat trend. The pound briefly hit $1.33405, touching March 2022 highs for the third consecutive day,

GBP/AUD rose above 1.9500 level on Friday as sterling was boosted after hotter-than-expected retail sales data. British retail sales increased by a surprising 1% in August, exceeding forecasts of a 0.

GBP/JPY rallies by more than a percent at the end of a strong week. UK Retail Sales beat expectations and past prints adding fuel to the rally. BoJ strikes dovish tone at meeting but Japanese inflation data hits ten-month high,

Sterling rose against a weakening dollar after the Federal Reserve cut interest rates by 50 basis points, with investors awaiting the outcome of the Bank of England policy meeting on Thursday expected to keep borrowing costs on hold.