Number of Britons visiting high street shops edges up in July – Springboard

The number of shoppers on Britain’s high streets rose slightly in July compared with a year ago, according to another survey that suggests consumer demand has held up since Britons voted to leave the European Union.

Retail data company Springboard and the British Retail Consortium said high street footfall rose 0.3 percent compared with July 2015, following a 3.7 percent drop in June.

Overall, the figures contributed to a mixed picture for consumer spending since the June 23 referendum, with consumer confidence plunging but few major retailers reporting any slowdown in sales.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.