Pound Sterling tumbles as decline in UK Retail Sales sets stage for BoE rate cutsThe Pound Sterling (GBP) falls sharply against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) reported that Retail Sales surprisingly contracted in December, another data that adds to the weak economic outlook.
Source: Pound Sterling tumbles as decline in UK Retail Sales sets stage for BoE rate cuts (https://www.fxstreet.com/news/pound-sterling-tumbles-as-uk-retail-sales-surprisingly-declines-in-december-202501170814)