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The pound falls to a minimum 15-month low against the euro on Thursday, the uncertainty for the future of the United Kingdom in the European Union continues to weigh on the currency.
EUR / GBP hit the maximum of 0.7946, the highest since December 2014, and remaining at 0.7927.
Since yesterday in exactly three months in the referendum of June 23, with which the country will choose whether to remain part of the EU or not.
The last ICM poll on referendum released yesterday revealed that 43% of those interviewed are in favor of Brexit, while 41% would prefer to stay in the EU and 16% consists of the undecided.
Meanwhile, the bookmaker Paddy Power took the chances of Brexit to 36% after the attacks in Belgium, compared to 33% on Monday, while the political predictions site PredictIt estimate the probabilities of 45%.
Investors seek protection against a new fall of the British currency and options three months for sterling shot up to the highest since mid-2010 against the dollar, while the implied volatility of the euro / sterling exchange touches the highest since April 2009.
The pound was supported by the official data that showed a smaller decline than expected UK retail sales in February.
The UK Office for National Statistics said that retail sales fell by 0.4% last month, less than the 0.7% expected. Retail sales rose by 2.3% in January.
Consumer spending increased by 3.8% compared to the same month last year, as expected, after the annual increase of 5.4% in the first month.
Core retail sales, which exclude automobile sales, saw a drop of 0.2% last month, far less than expected by 1.0%, after climbing 2.3% in January.
The clothing sector and the footwear have seen a decline of 0.4%, with the weather which delayed purchases of spring and summer collections, according to the ONS.
GBP / USD stood at 1.4092 after the report from about 1.4085 previously marked.
The dollar demand continues to be supported since the comments of Federal Reserve officials fueled expectations that the central bank may soon raise interest rates.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose to 0.2% up to a week of 95.25.
GBP/USD
EUR/GBP
EUR / GBP hit the maximum of 0.7946, the highest since December 2014, and remaining at 0.7927.
Since yesterday in exactly three months in the referendum of June 23, with which the country will choose whether to remain part of the EU or not.
The last ICM poll on referendum released yesterday revealed that 43% of those interviewed are in favor of Brexit, while 41% would prefer to stay in the EU and 16% consists of the undecided.
Meanwhile, the bookmaker Paddy Power took the chances of Brexit to 36% after the attacks in Belgium, compared to 33% on Monday, while the political predictions site PredictIt estimate the probabilities of 45%.
Investors seek protection against a new fall of the British currency and options three months for sterling shot up to the highest since mid-2010 against the dollar, while the implied volatility of the euro / sterling exchange touches the highest since April 2009.
The pound was supported by the official data that showed a smaller decline than expected UK retail sales in February.
The UK Office for National Statistics said that retail sales fell by 0.4% last month, less than the 0.7% expected. Retail sales rose by 2.3% in January.
Consumer spending increased by 3.8% compared to the same month last year, as expected, after the annual increase of 5.4% in the first month.
Core retail sales, which exclude automobile sales, saw a drop of 0.2% last month, far less than expected by 1.0%, after climbing 2.3% in January.
The clothing sector and the footwear have seen a decline of 0.4%, with the weather which delayed purchases of spring and summer collections, according to the ONS.
GBP / USD stood at 1.4092 after the report from about 1.4085 previously marked.
The dollar demand continues to be supported since the comments of Federal Reserve officials fueled expectations that the central bank may soon raise interest rates.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose to 0.2% up to a week of 95.25.
GBP/USD
EUR/GBP
