British Retail Consortium (BRC) data:
Like-for-like sales +1.9% y/y in December
- prior +2.6%
Total sales +1.7% y/y in December
- November was +2.7%
BRC comment:
- “The festive period failed to make amends for a challenging
year of sluggish retail sales growth, as weak consumer
confidence continued to hold back spending,”
Survey sponsors KPMG:
- “Christmas shoppers ditched clothing, jewellery and
technology gifts, opting for beauty, health and personal care
products,”
—
GBP/USD little changed around 1.22747
—
Like-for-like sales data strips out the impact of changes in store size.