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UK Retail Sales down by 0.9%

Thursday, Jul 21 2016
The volume of retail sales in June 2016 is estimated to have increased by 4.3% compared with June 2015. The underlying pattern in the quantity bought, as suggested by the 3 month on 3 month movement, increased by 1.6%. Compared with May 2016, the quantity bought in the retail industry is estimated to have decreased by 0.9%.
Average store prices (including petrol stations) fell by 2.5% in June 2016 compared with June 2015. The amount spent in the retail industry decreased by 0.9% compared with May 2016, and increased by 1.5% compared with June 2015. The value of online sales increased by 14.1% in June 2016 compared with June 2015, and increased by 0.5% compared with May 2016.
 
Sterling is currently being traded few points above 1.3190 level. Pair is likely to find support around 1.3130 handle and resistance above 1.3250 level.
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