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U.K's retail sales 1.3% upper

U.K's retail sales, last month, performed the biggest rise and surpassed the analysts' and the economists' estimations, official data reported today.

U.K's retail sales appreciate 1.3%

The nation's retail sales climbed, for the month of April, 1.3% whereas having dropped, previously, 0.5%, while being revised later for a 1.3% drop, the Office for National Statistics released.

Furthermore, the retail sales, on a year-on-year basis, compared to the 3.0% gains, being revised later at 2.7%, in March, appreciated 4.3%.

April's core retail sales, excluding sales of automobiles, climbed 1.5% and were higher than March's 0.7% drop.

The GBP/USD traded, around 1.4626, at 1.4657, while the EUR/GBP traded at 0.7654.

Moreover, Germany's DAX fell 1.13%, Euro Stoxx 50 dropped 0.80%, London’s FTSE 100 declined 1.21%, and France's CAC 40 traded 0.51% lower.

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Thursday, 19 May, 2016 / 11:38

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/u-k-s-retail-sales-1.3--upper

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