UK Retail Sales Fall in April

Activity in Britain’s high streets this month dropped to its lowest level since August 2012 as a combination of stretched household budgets and cold weather kept consumers out of the shops.

The latest snapshot of retail spending from the CBI found that Easter had failed to arrest the downward trend in the business environment since last summer.

According to the CBI’s monthly distributive trades survey, 37% of retailers said sales were down on their level in April 2012 while 36% reported an increase. The balance of -1 points was in sharp contrast to the buoyant trading conditions recorded by the employers’ organisation in the autumn of 2012, when monthly balances of +30 percentage points were reported.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza