UK retail sales volumes plunged by -0.7% mom in October, significantly underperforming expectations of a -0.3% mom decline. Also, volumes remained -1.5% below their pre-pandemic level in February 2020. On a broader basis, retail activity was more encouraging. Sales volumes increased by 0.8% in the three months to October compared to the preceding three months. […]
The post UK retail sales drop sharply by -0.7% mom in Oct, but broader trends show resilience appeared first on Action Forex.
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