Investing.com – Retail sales in the U.K. fell more-than-expected in August, official data showed on Thursday.
In a report, the Office for National Statistics said that retail sales fell by a seasonally adjusted 0.5% in August, after rising by 0.8% in July, whose figure was revised down from 1.1%.
Analysts had expected retail sales to fall by 0.3% in August.
The report said that year-on-year, the volume of retail sales increased by a seasonally adjusted 0.4% in August.
Following the release of that data the pound was down against the U.S. dollar, with GBP/USD shedding 0.42% to hit 1.5557.
In a report, the Office for National Statistics said that retail sales fell by a seasonally adjusted 0.5% in August, after rising by 0.8% in July, whose figure was revised down from 1.1%.
Analysts had expected retail sales to fall by 0.3% in August.
The report said that year-on-year, the volume of retail sales increased by a seasonally adjusted 0.4% in August.
Following the release of that data the pound was down against the U.S. dollar, with GBP/USD shedding 0.42% to hit 1.5557.