Forex News UK June retail sales were down 3.9% on the month, the biggest monthly fall on record, as the sales data reversed the large 3.6% gain in May, the Office For National Statistics says. Sales were up 2.2% on the year, the weakest growth since February 2006. The data were weaker than expected, with economists expecting a 3.0% decline on the month, but a 4.0% increase on the year. Overall, in the second quarter, retail sales were up 0.6% from the previous quarter, sharply down from the 1.7% growth in the first quarter.
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