Economics

U.K. Retail Sales Extend Worst Run on Record

Volume of goods sold post surprise decline in December
Figurers add to speculation about a Jan. 30 BOE rate reduction

WATCH: The BOE will cut rates in January, possibly March, and “then do QE,” according to Deutsche Bank.Source: Bloomberg

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By Andrew Atkinson and Lucy Meakin

January 17, 2020 at 9:30 AM UTC

Updated on

January 17, 2020 at 9:59 AM UTC

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British consumers shunned stores during the crucial Christmas trading period, confounding predictions of a rebound in spending and stoking speculation that the Bank of England will cut interest rates this month.