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According to the British Retail Consortium (BRC), the UK reported an 81.6 % drop in the number of shoppers visiting the malls, shopping parks etc., in light of the coronavirus pandemic-imposed lockdown.

Key takeaways

The footfall data showed a slight improvement on the 84.7% decline seen in April as some garden centres and homeware shops reopened during May.

BRC Chief Executive Helen Dickinson said: “A mix of low consumer confidence and limits on the number of people able to enter stores mean that many shops will continue to suffer lower footfall – and lower sales – for some time to come.”

GBP/USD Price Analysis: Falls below 100-day SMA to battle 1.2500

GBP/USD prints three-day losing streak while testing 23.6% Fibonacci retracement.

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