Friday, January 19, 2007

Forex News: 19.01.2007 UK retail sales rose by 1.1 pct in December

Retail sales have experienced the stronger growth since December 2003, according to the latest data by National Statistics.

Retail sales have grown by 1,1% from November and 3.7% in the last 12 months, sharply above the market’s expectations of a 0.5% monthly gain and a 3.4% year on year increase.

November data has been revised to a 0.2% monthly increase and a 3.1% yearly rise.

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