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Strong Retail Sales Fail To Lend Support to the Pound

By Kathy Lien
19 May 2005 22:26 GMT
The unexpected rise in the retail sales figures was believed to be led by discounts offered in stores during the month of April. Economists considered that the figure, which contradicted the poor earnings of the retailers, did not seem to be a precursor of a rebound in the economy’s recent downtrend.  

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19 May 2005 22:26 GMT