US Feb 24 Redbook index (MoM) increases 1.3% and (YoY) grows 2.2%

Mar 5, 2013

Forex: GBP/USD consolidates below 1.5200

Even though the recovery of the pound versus the greenback stalled just ahead of the 1.5200 level during the European session, the subsequent pullback was quite shy, confining the cross to a phase of consolidation.

US: Redbook Index rose 1.3% MoM

The Redbook index rose 1.3% on a monthly basis and 2.2% over the last twelve months in the week ended on February 24th, against previous prints at +1.4% and +2.7%, respectively...