FXStreet (Mumbai) – As Reuters reports, British annual retail sales growth unexpectedly picked up pace this month, a survey by the Confederation of British Industry (CBI) showed on Wednesday.
The CBI distributive trades survey’s retail sales balance rose in August to +24 from +21 in July and above economists’ forecasts of +18. Sales expectations for September were +35, up from +13 in August.
Official figures released this month showed British retail sales rose by less than expected in July, hit by a fall in the sales of auto fuels.
(Market News Provided by FXstreet)