Retail sales in the United Kingdom in November were broadly unchanged on a yearly basis, the latest data published by the Confederation of British Industry (CBI) showed on Monday. “38% of respondents reported that sales volumes were up on a year ago in November, while 41% said they were down, giving a balance of -3% – the highest balance in 7 months,” the CBI noted in its publication. Commenting on the data, “Retailers are entering the festive season with a bit of hope that sales will head up, with the strongest expectations in half a year,” said Anna Leach, CBI Deputy Chief Economist. “Actual sales have also stabilised and have nudged above average for the time of year.” The British pound largely ignored the data and the GBP/USD pair was last seen trading at 1.2880, adding 0.3% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed: Sanguine about the US economy – RBS FX Street 3 years Retail sales in the United Kingdom in November were broadly unchanged on a yearly basis, the latest data published by the Confederation of British Industry (CBI) showed on Monday. "38% of respondents reported that sales volumes were up on a year ago in November, while 41% said they were down, giving a balance of -3% - the highest balance in 7 months," the CBI noted in its publication. Commenting on the data, "Retailers are entering the festive season with a bit of hope that sales will head up, with the strongest expectations in half a year," said Anna Leach, CBI… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
