GBP/USD: Retail sales on the downside



On Friday, official data showed that U.K. retail sales unexpectedly fell 0.6% on month in December and missed analysts estimates who were waiting for +0.6%.

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GBP/USD: Retail sales on the downside

On Friday, official data showed that U.K. retail sales unexpectedly fell 0.6% on month in December and missed analysts estimates who were waiting for +0.6%.
This fuels expectations of an interest-rate cut by the Bank of England.