The Pound leapt over $1.30 for the first time since early October as data released by the Office for National Statistics (ONS) showed that United Kingdom retail sales surged from -1.4% to 2.3% in April, sailing past forecasts that sales would only grow 1.0%.
Sterling climbed against all of its 16 major peers after the report showed the volume of goods sold in stores and online rose 2.3 percent.
The rebound was well above the 1.1 per cent expected by economists, prompting a big surge in the pound to highs of $1.3046 against the dollar at the time of writing.
Sterling was 0.1 percent lower at $1.2962 by 0737 GMT, after again testing the $1.30 mark on Wednesday. It also climbed to 85.46 pence per euro, up 0.7 percent on the day.
The surge comes as Trump's presidency is engulfed in controversy and the United Kingdom economy continues to grow.
Pochettino: today is my favorite memory of White Hart Lane Speaking to SFR Sport on Sunday , he said: "I've been at Tottenham for five years, and I've always found White Hart Lane unique". Mauricio Pochettino's side lost 4-2 to Premier League champions Chelsea in the FA Cup final at Wembley last month.
The dollar fell to its lowest levels since Donald Trump's election last November after Reuters reported that his campaign had 18 undisclosed meetings with Russian Federation during the last seven months of his presidential campaign, with questions being raised over whether he could be impeached.
That adds to signs from the Bank of England that it will not raise interest rates for another two years.
Last week, the Bank of England warned that slowing wage growth and higher consumer prices could impact sentiment and erode growth potential, but nonetheless noted that uncertainty related to the country's pending exit from the European Union had somewhat abated.
"In time, we sense United Kingdom economic releases will fall over, just not yet", Mizuho's head of hedge fund FX sales Neil Jones said.
It is positive, as 62 investors sold BAC shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. Shares of Bank of America Corp (NYSE: BAC ) traded down 0.29% during midday trading on Tuesday, hitting $23.99. (NYSE:LVS).
It's believed other OOH operators had petitioned the ACCC sighting the un-competitive nature of any merger. The ACCC was to hand down its final verdict on July 6th, although that will no longer happen.
Jose Mourinho believes it will be a successful season for Manchester United , even if they don't win the Europa League. Their league finishes on Sunday - they have 12 days to prepare, and we have three league matches to play.
The Hwasong-12 test launch occurred in the early hours of Sunday, May 14, from the town of Kusong near North Korea's west coast. But a senior North Korean diplomat has said Pyongyang is open to talks with Washington under the right conditions.
Reached by phone, the Detroit Police Department tells NPR that Cornell was found at 12:05 a.m.at the MGM Grand Detroit . In the early 2000s, Cornell started the group Audioslave , which featured members of Rage Against the Machine .
Jurors are deliberating in the manslaughter trial of an Oklahoma police officer who fatally shot an unarmed black man past year . The defense was allowed to introduce testimony showing Crutcher did not comply with officers' commands in prior incidents.
But Trump's tweets allow him to, in effect, send talking points to his supporters without the filter of the White House. John McCain, R-Ariz., said Trump would be making a mistake to start a rhetorical war with the new investigator.
Rouhani responded by calling on voters to keep hardliners away from Iran's delicate diplomatic levers. "Not anymore", he said. A run-off would be held a week later if none of the candidates wins a majority, which is at least 50 percent plus one vote.
The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. For KMX, the company now has $418.77 Million of cash on the books, which is offset by $343.27 Million current liabilities.
Oclaro, Inc. (NASDAQ:OCLR) have shown a high EPS growth of 15.80% in the last 5 years and has earnings growth of 42837.10% yoy. The company has been one of the biggest innovators in "Money Center Banks" employing approximately 272800 full time employees.
The Kentucky Derby victor has taken 10 of the past 20 Preakness Stakes, with horses who lost in the Derby winning seven times. Always Dreaming is the early 4-5 favorite for the race Saturday at Pimlico, where hell break from the No. 4 post.
Also, TN SSLC revaluation procedure, fees, and last date details will be announced today after the release of 10th exam results. The TN Educational Board announced that they will release the TN SSLC Results on May 19th at 10 AM on the official website.
New Zealand quake scientists make surprising find underground
The researchers arrived at two conclusions, which could explain the creation of the hot water found underneath the fault line. These forces pushed up hot rocks from 30km (19 miles) deep so quickly that they did not have a chance to cool properly.
Man charged over pet dog killing
Police have charged a man over the stabbing death of a four-year-old pet Labrador that shocked Perth on Thursday. The maximum sentence for animal cruelty carries a five year jail term.
Early Spring Brings Out Ticks in Minnesota
A family is "thrilled" the Crown Estate has installed signs warning that there are ticks in Windsor Great Park. "I wish that I had been more aware of Lyme disease", Lively said.
House, Senate Russia investigators promise to plow ahead
In Twitter postings, the Republican president decried the naming of a special counsel , by an official he himself appointed. On another note, President Trump met with Colombian President Juan Manuel Santos at the White House Thursday afternoon.
Kushners kin woo investors in China, offer green card in
Authorities said the key suspects in the case helped wealthy Chinese obtain USA residency visas in exchange for bogus investments. However, Trump actually signed an extension of the controversial visa program just one day before the event in Beijing was held.
Car drives into crowd in Times Square, injuring several
Witnesses reported that he drove the wrong way and on a sidewalk for at least three blocks, mowing down pedestrians. Emergency response crews, including ambulances and fire trucks, were on the scene, which had been cordoned off.
Autopsies show smoke inhalation killed 7 house fire victims
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. The fire's cause has not been determined, though a fire source tells WKYC leftover charcoal from a barbecue may be to blame.
Ronaldo Double Propels Real to the Brink of La Liga
However, they eliminated Madrid from the Copa del Rey earlier this season and put the European champions to the test once more. And Real's players believe the Spaniard should keep his place for the showpiece in Cardiff, reports Diario Gol .
Confederate statue removal historic
The effort to remove the New Orleans monuments is part of larger controversy surrounding Confederate symbols in cities nationwide. The monument, like other statues of Southern Civil War leaders, has come under increasing fire in recent years from protesters.