Despite the festive season, UK retail sales unexpectedly declined in December and consumers turned more pessimistic at the start of this year as the rising cost of living and the slowing economy hurt their purchasing power.
The retail sales volume logged a monthly fall of 1.0 percent after easing by a revised 0.5 percent a month ago, data published by the Office for National Statistics revealed Friday.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.