Forex Market Update : Epic Research Singapore

The pound sterling fell against the dollar, euro and yen Thursday, pressured by weaker-than-expected U.K. retail sales data and the lack of a clear hawkish signal from the Bank of England.

The pound GBPUSD +0.03%   fell to $1.6985 from $1.7024 Wednesday, breaking below $1.7000 for the first time since late June.


The kiwi NZDUSD +0.06%   was trading at 85.75 cents, down from 86.07 cents late Wednesday.

The U.S. dollar was up slightly against most major currencies. The ICE U.S. Dollar index, a measure of the greenback’s strength against a basket of six currencies, was at 80.8590, up from 80.8230 Wednesday.

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