Shutterstock photo
Markets

British Retail Sales Turn Sluggish

Shutterstock photo

Shutterstock photo

A report released Thursday morning by the UK Office of National Statistics revealed a sluggish month for retail sales in the island economy. The impact so far has been to drag on the already-downtrodden British pound (GBP).

Expectations for the report were for a growth of roughly 0.3% in the ever-important retail sector. With today's figure coming in near 0.2%, the slow-down is only confirming what many were expecting for the upcoming quarter; mainly, that manufacturing demand and consumer spending will see steady declines.

Read more forex trading news on our forex blog .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx