UK December retail sales -0.3% vs +0.4% m/m expected ...Middle East

Prior +0.2%; revised to +0.1%Retail sales +3.6% vs +4.2% y/y expectedPrior +0.5%; revised to 0.0%Retail sales ex autos, fuel -0.6% vs +0.1% m/m expectedPrior +0.3%; revised to +0.1%Retail sales ex autos, fuel +2.9% vs +3.6% y/y expectedPrior +0.1%; revised to -0.5%

It's not a good look on household demand as even the build up to the holiday period was a softer one. Trouble, trouble. Here's the breakdown for the month:

GBP/USD is now down 0.4% to 1.2185 on the day, slipping further in threatening a firmer drop below 1.2200 on the week now.

This article was written by Justin Low at www.forexlive.com.

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