UK Retail Sales Dreadful

January 17, 2025
UK Retail Sales Dreadful

The UK retail sales numbers at breakfast were expected to show a monthly growth of 0.4%.

Actual figures showed a -0.3% contraction.

This caused the Pound to slump in early trading.

So it's fair to say that Sterling isn't the traders favourite currency right now.

Maybe the Eurozone inflation number out mid morning might change GBP/EUR.

Analysts are expecting annualised growth of 2.4%.

Business news covers the besieged Chinese economy. With an over supply of residential and commercial properties, that sector is under water, and on top of that it looks like economic growth is slowing generally speaking.

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EUR: 10:00 Inflation Report

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