The Great Britain pound fell today versus the euro after the retail sales unexpectedly slowed in August, increasing the concern for Britain’s economy. The currency rose against the US dollar after it slumped earlier.
The Office for National Statistics reported that between July and August the retail sales volume decreased by 0.5 percent. That’s compared with the growth by 0.8 percent in July and the forecast increase by 0.3 percent. The slowdown of the sales reinforced the concern that the budget spending cuts, performed by the government, would cripple the nation’s economy... spacemobiles.net