Pound Stumbles After Weaker-Than-Expected U.K. Retail Sales Data
Friday, 17 January 2020 17:01 WIB | CURRENCIES |PoundsterlingSterling,pound

The British pound fell Friday after data showed U.K. retail sales falling by 0.6% in December versus the previous month, adding to a picture of a weak economy that may need interest rate cuts to stimulate growth.

In the three months to December 2019, sales fell 1% against the prior three months. The pound fell 0.2% to $1.3052, from a level of around $1.31 seen just ahead of the data.

Source : Marketwatch

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