That is an enormous drop within the headline studying as UK retail gross sales fall at its quickest tempo in 3 years this January. Including to the worrying image is that the amount of gross sales for this time of the 12 months is seen at -47, the bottom studying since Might 2020. CBI notes that:
“Looking ahead, demand conditions will remain challenging as higher interest rates continue to feed through to mortgage payments and household incomes.”
This text was written by Justin Low at www.forexlive.com.
