UK Retail Sales Rise in November

British retail sales rose last month recovering from a fall in October, helped by shoppers buying warm clothes after a mild start to autumn, official data showed on Thursday.

Retail sales volumes were up 0.3 percent on the month, the fastest monthly growth in the month of November since 2010, to show 2.0 percent expansion on the year, the Office for National Statistics said.

Economists in a Reuters poll had expected retail sales to rise 0.3 percent on the month after a fall in October, and for sales to be 2.3 percent higher on the year.

via CNBC

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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