Pound Boosted by CBI Survey

28 July, 2011


The Confederation of British Industry has reported a shock rise in high street sales in April – the best result since January 2008.

Although the “green shoots of recovery” may be some way off, the majority of retailers reported increased sales for April, compared to analysts’ expectations of 40% more who were expected to report declining sales.

As a result the Pound has dramatically come back in to demand, showing increases of over 1c against the Euro and US Dollar since the data was released this morning.

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