Data on Retail Sales for December is due at 11:30 am (GMT+2) in the UK. On a month-to-month basis, the index is expected to fall from 1.7% to -0.3%, and will fall from 5.0% to 4.3% on a year-to-year basis. The index represents the total value of all receipts from retail sector shops and indicates consumer spending and the level of aggregate demand. A growth in the index can strengthen the Pound. 

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