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UK retail sales post biggest quarterly fall since 2010

Year-on-year, retail sales growth slowed to 1.7 percent in March from 3.7 percent in February

Reuters  |  London 

British retail sales posted their biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year's Brexit vote put more pressure on consumers, official data showed on Friday. Sterling fell to a day's low after the weaker-than-expected figures, extending a decline that started after it reached its session peak around 0800 GMT. Retail sales volumes contracted 1.4 percent in the first quarter after rising 0.8 percent in the last three months of 2016, the Office for National Statistics said. It was the biggest quarterly ...

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