UK retailers pumping up as GBP/AUD take-off crazy

The GBPAUD touched fresh 6 years highs and 7 months high against the broadly weaker dollar on today when data showed that U.K. retail sales rose last month, after the latest Federal Reserve tempered potentials for higher interest rates this year.

The Office for National Statistics said retail sales ticked up 0.2% in May, in line with forecasts.

April's figure was revised down to show a gain of 0.9%, from a previously reported 1.2%.

Consumer purchases were up 4.6% from a year earlier, slightly below expectations for a 4.8% gain, following a similar gain in April.

Core retail sales, which exclude automobile sales rose 0.2% last month, compared to forecasts for a 0.1% rise.