23.04.2015 - Retail sales in the UK fell unexpectedly
UK retail sales disappointed investors and has led to a decline of the British currency. Thus, the rate in March fell by 0.5% due to a decrease in sales of non-food stores. In February, retail sales in the country showed an increase of 0.6%. Figure for the year showed an increase of 4.2% and slowed down compared to 5.4% in February. At the moment, the movement of the British pound depends on the situation with the restructuring of Greece's debts, as well as the dynamics of the euro. Our medium-term outlook remains negative.