The British Pound will head into the weekend with some wind in its sails thanks to an above-consensus retail sales print from the ONS.
Pound Sterling fell after the Bank of England kept interest rates unchanged at 5.25% but issued guidance that suggested it was close to a 25 basis point rate cut.
The British Pound was boosted by a stronger-than-expected UK inflation print on Wednesday, but the gains faded as investors turned their attention to Thursday's Bank of England interest rate decision.
The British Pound rose after the UK reported another strong services inflation print, although the headline CPI inflation rate hit the Bank of England's 2.0% target.