21.04.2016 - Retail sales in the UK fell by 1.3%

Today in the UK was published statistics on retail sales, which fell by 1.3% in March, versus declines of 0.5% in February. Analysts had forecasted a decline by only 0.1%. Excluding automotive fuel the figure had dropped by 1.6%. During the year, retail sales rose by only 2.7% against growth by 3.6% in the previous month. This fact, together with the concern of investors about the referendum on the UK’s exit from the EU, which will be held in June, will put pressure on the price of the pound sterling in the near future and potential targets in the coming months, according to our forecasts will be the levels of 1.3840 and 1.3600.

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