Pound Sterling – UK Markets The Pound weakened further today in reaction to the latest retail sales data released by the Office for National Statistics this morning. Retail sales fell 0.5% in June, partially reversing the 1.3% increase seen in May when markets were looking for consumer spending to rise by 0.1%. The decline was mainly attributed to a fall in non-food store spending, which offset a rise in food spending associated with the football world cup.
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