EUR/GBP holds mild gains around 0.8420 during the Asian session following the release of UK Retail Sales data on Friday.
EUR/GBP shows no movement after the release of weaker-than-expected UK RetailSales on Friday. UK Retail Sales fell by 1.2% month-over-month in June, compared to the projected 0.4% decline. ECB President Lagarde provided no hints about the stance for the next meeting, stating that September was wide open. The volume of sales of goods by retailers fell by 1.2% month-over-month in June, reversing the 2.9% increase seen in May, according to the Office for National Statistics .
6% in June, meeting expectations and improving from the previous 2.2% decline. On Thursday, the European Central Bank decided to maintain its main refinancing rate at 4.25%, as expected, at its July Monetary Policy Meeting. The ECB's deposit facility rate also remains unchanged at 3.75%. At the press conference following the interest rate decision, ECB President Christine Lagarde stated, The question of September and what we do in September is wide open.
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