23.10.2014 - UK retail sales fell after 4 months of growth
The British pound continued its decline today due to the strengthening dollar, as well as statistics on weak retail sales, which fell in September by 0.3%, compared with growth of 0.4% in August. It should be noted that this figure fell after 4 months of growth. The reason for the decline was the reduction in sales of consumer goods by 1.9%, compared with growth of 1.6% in August. Despite this, sales rose by 10.1% compared to the same period of the last year. Growth of economic indicators slowed in the UK, but we keep the medium-term positive outlook and expect a further fall today.