Fri, 16 Feb 2024 12:11:45 GMT
UK Retail Sales recover
Despite the UK economy entering a recession, in January, Retail Sales have increased 3.4%. However, the optimism is not warranted, as the sales have dropped -3.3% in December, which in nominals terms is a larger sum than the recovered amount.
The GBP reacted to the news with a surge, before declining back to previous levels. In general, the rate remains