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November retail sales for the UK were pessimistic according to the most recent Confederation of British Industry report. Survey findings fell another 8 points to a reading of -19, far lower than market analysts’ estimates of a -12 print. The report already confirms what is happening in the UK economy, and it's not good when it comes to the British pound.
Read the article here - http://forexalliance.com/2011/11/uk-sales-report-bad-british-pound/
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