FX & CFD trading involves significant risk
The Office for National Statistics released its retail sales data for the U.K. on Thursday. Retail sales in the U.K. increased 0.1% in July, missing expectations for a 0.4% rise, after a 0.1% decline in June. June's figure was revised up from a 0.2% fall.
The slower growth was partly driven by higher sales of electrical appliances, furniture and other household goods.
Sales of household goods climbed 3.6% in July, while sales at department stores rose 1.6%.
Food sales fell 0.2% in July, while sales of clothing and footwear slid 1.5%.
On a yearly basis, retail sales in the U.K. climbed 4.2% in July, missing forecasts of 4.4% increase, after a 4.2% rise in June. June's figure was revised up from a 4.0% gain.