GBP/EUR & GBP/USD – Retail Sales growth slows in May but UK economy still in period of rapid recovery

Wednesday saw the result of the CBI’s monthly retail sales index survey released. The survey of 136 firms showed a fall in May to +16 from +30 in April, well below economists’ forecasts of a +35 reading. It was not all bad news though with the majority of the firms surveyed predicating a rise next … Read more GBP/EUR & GBP/USD – Retail Sales growth slows in May but UK economy still in period of rapid recovery