It is a busy day on the UK economic calendar. This morning, UK retail sales figures for March kick started the UK session. There was increased interest in today’s figures following the hotter-than-expected inflation figures and the persistent wage growth numbers.
UK retail sales fell by 0.9% in March versus a forecasted 0.5% decline. In February, retail sales jumped by 1.1%.
According to the Office for National Statistics,
- Sales volume increased by 0.6% in the first quarter of 2023 compared with the previous three months.
- Non-food store sales fell by 1.3%, partially reversing a 2.4% rise in February.
- Food store sales volume declined by 0.7%, reversing…
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