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UK sees a drop in retail sales

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 11, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP took a knock yesterday following news that retail sales for last month slumped, according to the British Retail Consortium, which is suspected as a result of shoppers anticipating, and waiting for, the so-called ‘Black Friday’ sale at the end of this month. Despite this, Xmas sales for this year are expected to be good so all may not be lost just yet. This didn’t mean the pound had a completely dire day yesterday as we saw it hit 1.5145 against the dollar, and 1.4148 versus the single

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