UK Retail Sales tumble

28 July, 2011


This morning’s UK retail sales figures are much worse than expected – showing a 0.5% drop in August, compared to analysts’ predictions of a 0.3% increase.

The Pound fell on the release, as worries about the state of the recovery continue. If you are worried about falling rates, remember that you can fix and guarantee a rate up to 2 years ahead by using a Forward Contract from Currency Index.