Investing.com – Retail sales in the United Kingdom fell unexpectedly in September, official data showed on Thursday.
In a report, the U.K. Office for National Statistics said retail sales fell by a seasonally adjusted 0.2% in September, after falling by 0.7% in August, whose figure was revised from a decline of 0.5%.
Analysts had expected retail sales to rise by 0.4% in September.
The report said that year-on-year, retail sales in the U.K. rose less-than-expected, increasing by a seasonally adjusted 0.5% in September, after rising by 0.8% in August. Analysts had expected year-on-year retail sales to rise by 0.9% in September.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.31% to hit 1.5798.
Meanwhile, European stock markets were up. The FTSE 100 rose 0.57%, the EURO STOXX 50 gained 0.46%, France’s CAC 40 added 0.57%, and Germany's DAX was up 0.40%.
In a report, the U.K. Office for National Statistics said retail sales fell by a seasonally adjusted 0.2% in September, after falling by 0.7% in August, whose figure was revised from a decline of 0.5%.
Analysts had expected retail sales to rise by 0.4% in September.
The report said that year-on-year, retail sales in the U.K. rose less-than-expected, increasing by a seasonally adjusted 0.5% in September, after rising by 0.8% in August. Analysts had expected year-on-year retail sales to rise by 0.9% in September.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.31% to hit 1.5798.
Meanwhile, European stock markets were up. The FTSE 100 rose 0.57%, the EURO STOXX 50 gained 0.46%, France’s CAC 40 added 0.57%, and Germany's DAX was up 0.40%.