UK retail sales post biggest quarterly fall since 2010

By Andy Bruce and Alistair Smout | LONDON

LONDON British retail sales posted their biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year’s Brexit vote put more pressure on consumers, official data showed on Friday.

Sterling fell to a day’s low after the weaker-than-expected figures, extending a decline that started after it reached its session peak around 0800 GMT.

Retail sales volumes contracted 1.4 percent in the first quarter after rising 0.8 percent in the

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