Sterling weakens notably after rather poor December UK retail sales data.
- Retail sales including auto fuel dropped -0.9% mom versus expectation of -0.7%.
- Retail sales excluding auto fuel dropped -1.3% mom versus expectation of -0.5% mom.
Also, for the three months to December, compared with the previous three months:
- Retail sales including auto fuel dropped -0.2%
- Retail sales excluding auto fuel dropped -0.4%
