Pound Pares Weekly Advance as Rally Fueled by May, Carney Fades

  • Sterling declines after BOE official says ‘easing required’
  • Dollar gains as U.S. sales data beat economists’ forecasts

Gkionakis: This Is as Good as It Gets for Sterling

The pound declined Friday, reversing earlier gains versus the the dollar, after better-than-expected U.S. retail sales and manufacturing data added to signs that the world’s largest economy is gaining traction.

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