Investing.com - U.K. retail sale volumes tumbled to the lowest level in 21 months in February, fuelling concerns over the health of the country’s economy, industry data showed on Monday.
In a report, the Confederation of British Industry said the result of its index of U.K. retailers plunged by 38.0 points to 1.0 this month from 39.0 in January. Analysts had expected the index to fall by 5.0 points to 34.0 in February.
On the index, a reading above 0.0 indicates higher sales volume, below indicates lower.
GBP/USD was trading at 1.5336 from around 1.5338 ahead of the announcement, while EUR/GBP was at 0.7366 from 0.7368 earlier.
Meanwhile, European stock markets were mixed. London’s FTSE 100 shed 0.25%, the EURO STOXX 50 inched up 0.5%, France’s CAC 40 rose 0.3%, while Germany's DAX tacked on 0.45%.
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U.K. CBI realized sales tumble sharply in February
Published 02/23/2015, 06:01 AM
Updated 02/23/2015, 06:01 AM
U.K. CBI realized sales tumble sharply in February
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