The pound fell against the stronger dollar, but it was basically flat against the euro. The previously released UK retail sales data was weaker than expected. According to data from the UK Office for National Statistics, retail sales fell 0.1% month-on-month in November. The economists surveyed had expected a 0.3% increase. The bureau also reported that the government borrowed 11.7 billion pounds in November, a decrease of 1.9 billion pounds compared to the same period last year, but higher than the forecast of 10.3 billion pounds. Investors continue to digest the results of the Bank of England voting in favor of cutting interest rates by a narrow margin of 5 votes to 4 on Thursday. After the data was released, the pound fell 0.1% to $1.3369, compared to $1.3383 before the data was released. EUR/GBP trading was flat at £0.8756, which is basically the same level as before the data was released.

The pound fell against the stronger dollar, but it was basically flat against the euro. The previously released UK retail sales data was weaker than expected. According to data from the UK Office for National Statistics, retail sales fell 0.1% month-on-month in November. The economists surveyed had expected a 0.3% increase. The bureau also reported that the government borrowed 11.7 billion pounds in November, a decrease of 1.9 billion pounds compared to the same period last year, but higher than the forecast of 10.3 billion pounds. Investors continue to digest the results of the Bank of England voting in favor of cutting interest rates by a narrow margin of 5 votes to 4 on Thursday. After the data was released, the pound fell 0.1% to $1.3369, compared to $1.3383 before the data was released. EUR/GBP trading was flat at £0.8756, which is basically the same level as before the data was released.