Like-for-like retail sales in the United Kingdom were down 0.8 percent on year in June, the British Retail Consortium said on Tuesday. That was well shy of forecasts for an increase of 1.0 percent following the 0.5 percent annual gain in May. "Consumers continue to benefit from competitive pricing, which may be the cause of softer like-for-like sales in June," BRC director-general Helen Dickinson said. Overall retail spending added an annual 0.6 percent in June, and it was up 2.6 percent in the second quarter of 2014. The material has been provided by InstaForex Company - www.instaforex.com
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