The data on retail sales are due at 11:30 (GMT+2). On a monthly basis the indicator is expected to drop to –0.8% in December from 1.4% a month earlier. YoY the indicator will also remain unchanged at the level of 3.6% in December. The indicator is based on the total number of checks for purchases in retail stores. It characterizes the level of consumer spending and demand. Sales volume growth is an important factor of economic development. High values have a positive effect on the economy and strengthen GBP, and the reduction weakens it.