WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

U.K. Retail Sales Rebound in February Amid Gloomy Quarter

Posted by Chris Advincula on Mar 23, 2017 7:00:11 AM

GBP.3.23.jpg

- Retail sales rose 1.4% in February, led by household goods

- Sales heading for first calendar-quarter drop since 2003

(Bloomberg) U.K. retail sales rose more strongly than expected in February but the outlook for the British consumer remains weak.

The volume of goods sold in stores and online jumped 1.4 percent, beating the 0.4 percent gain predicted by economists, Office for National Statistics figures published Thursday show. It left sales down 1.4 percent in the latest three months, the biggest quarterly drop since early 2010.

Click on the link below to see the full story from Bloomberg: (by Lucy Meakin)

UK Retail Sales Rebound in February

 

Topics: GBPUSD, U.K. Economy, Forex

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!