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Stagnant UK retail sales

GBPUSD News by Newsroom on 06:51 Octuber 20, 2016 EST
UK retail sales did not grow in September compared to the prior month latest ONS figures released on Thursday show.

The consensus estimate amongst analysts predicted a 0.3% increase after the 0.2% decline in August and the sharp contraction in July following the shock of the referendum vote.

The pound trades steady however and can be exchanged for 1.23 US dollar.