British retail sales posted their biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year's Brexit vote put more pressure on consumers, official data showed on Friday. Sterling fell to a day's low after the weaker-than-expected figures, extending a decline that started after it reached a session peak around 0800 GMT. Retail sales volumes contracted 1.4 percent in the first quarter after rising 0.8 percent in the last three months of 2016, the Office for National Statistics said.
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British retail sales posted their biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year's Brexit vote put more pressure on consumers, official data showed on Friday. Sterling fell to a day's low after the weaker-than-expected figures, extending a decline that started after it reached a session peak around 0800 GMT. Retail sales volumes contracted 1.4 percent in the first quarter after rising 0.8 percent in the last three months of 2016, the Office for National Statistics said.
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