Source: ForexYard
The British Pound made gains over the U.S dollar after seeing good results in retail sales for the month of March.
The pound also made gains versus the Yen for the first time in six days as Spanish bonds and European stocks advanced today. The current upward movements shown could ease concern over the current and future state of the European economy.
Heading into the evening London time, the GBP showed gains of 0.2 percent to $1,5981 versus the greenback after showing previous gains of 0.5 percent, the biggest gains versus the U.S dollar since the end of March.The GBP also showed gains of 0.5 percent versus the Japanese Yen whilst showing little movements against the Euro.
A number of important financial reports are due for release tomorrow including Canadian and American Trade Balance, U.S Initial Jobless Claims and China’s GDP
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