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U.K. CBI realized sales fall to 3-month low in December

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Investing.com - Investing.com - Retail sale volumes in the U.K. fell more-than-expected in December, slumping to a three-month low, industry data showed on Wednesday.

In a report, the Confederation of British Industry said the result of its index of U.K. retailers fell to 19.0 in December from a reading of 33.0 in October.

Analysts had expected the index to decline to 25.0 in December.

On the index, a reading above 0.0 indicates higher sales volume, below indicates lower.

Following the release of that data, the pound held on to gains against the U.S. dollar, with GBP/USD adding 0.27% to trade at 1.6297.

Meanwhile, European stock markets were broadly higher. London's FTSE 100 rose 0.6%, the EURO STOXX 50 climbed 0.6%, France's CAC 40 advanced 0.5%, while Germany's DAX tacked on 0.3%.

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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.

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