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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

British Consumer Economy Fails to Rebound

May, 09 2018
watermark Economic news

The consumer economy of Britain was unable to bounce back in April due to snowy weather that prevented shoppers to go shopping, based on the surveys that contributed to a weak data which lower the chance of the Bank of England to increase rate this week.


According to the latest sign of reduced growth this year, the British Retail Consortium (BRC) stated on Wednesday that the overall retail expenditure decreased to 3.1 percent year over year in April versus 2.3 percent expansion in March. This marked the sharpest decline since 1995 according to BRC records.


The decline mainly affect the timeline for sales-boosting during Easter holiday which began in March this year compared in April 2017, however, BRC advised about the softening of the underlying trend.



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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.