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Breaking: GBP/USD drops below 1.3100 after UK Retail Sales drop 0.6% MoM in Dec vs. +0.7% expected

  • The UK Retail Sales drop 0.6% MoM in December.
  • The UK core Retail Sales fall 0.8% MoM in December.

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United Kingdom Retail Sales ex-Fuel (YoY) came in at 0.7% below forecasts (2.9%) in December

United Kingdom Retail Sales ex-Fuel (YoY) came in at 0.7% below forecasts (2.9%) in December
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GBP/USD drops to session low, around mid-1.3000s on awful UK retail sales

The GBP/USD pair failed to capitalize on its early uptick to over one-week tops and dropped to the lower end of its daily trading range, around the 1.
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