Why The UK Sales Report Is Bad For The British Pound


November retail sales for the UK were pessimistic according to the most recent Confederation of British Industry report.  Survey findings fell another 8 points to a reading of -19, far lower than market analysts’ estimates of a -12 print.  The report already confirms what is happening in the UK economy, and it’s not good when it comes to the British pound. Taking a quick look at some of the subcomponent readings, the consumer retail sector picture remains gloomy.  Sales volume

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