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GBP/USD eyes UK retail sales
The British pound has edged lower on Thursday. In the European session, GBP/USD is trading at 1.2655, down 0.20%. Markets brace for retail sales downswing What goes up must come down. That has the markets fretting ahead of the UK retail sales report on Friday. Retail sales growth was brisk in November, with an impressive gain of 1.3% m/m. This followed zero growth in October and marked the strongest gain since April 2022. The problem with the strong November release was that consumers were enticed to spend big due to Black Friday sales in late November. This is expected to dampen December retail sales, with many ... (full story)