Day: July 19, 2024

Pound Sterling Slumps on Disappointing Retail Sales Figures

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The Pound Sterling (GBP) is experiencing a significant decline against major currencies during Friday’s London session. This downturn follows weaker-than-expected UK retail sales data for June, which showed a steeper contraction of 1.2% compared to the 0.4% decline forecast. The sharp drop in retail sales, a key indicator of consumer spending, suggests that households are […]

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