The British pound strengthened against other major currencies in the European session on Friday, following the release of upbeat U.K. retail sales data for January and flash PMI data for February.
Data from the Office for National Statistics showed that U.K. retail sales growth accelerated the most since May 2024, partly due to higher artwork and antiques sales. Retail sales posted a monthly growth of 1.8 percent in January, following a rise of 0.4 percent in December. This was the strongest growth since May 2024. Sales were expected to climb only 0.2 percent.
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