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.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.