UGHHH, much worse than median forecast -0.6%. Biggest m/m drop since January 2010.

Cable has given up quick half a cent, presently at 1.6115.

ONS:

  • Retailers say consumers cutting back due to worries over economy, rising fuel prices, uncertainty over jobs, pay
  • Monthly drop driven by 3.7% fall in food store sales, biggest fall since June 2008!!!!