London, England -- (SBWIRE) -- 09/27/2011 -- Spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 15th September 2011.
Retail sales volumes did not increase between August of this year and the same month in 2010, a new Office for National Statistics (ONS) report has revealed today (September 15th).
Compared to July, the volume of sales declined by 0.2 per cent and there was no growth in their value.
However, between August 2010 and the same month this year, the value of sales did rise by 4.7 per cent.
Following the results, sterling (GBP) moved away from eight-month lows against the US dollar (USD), Reuters reported.
It explained that the sales data was not as negative as many investors believed it could be.
Prior to the data being published, GBP was trading at $1.5770, but afterwards hiked itself up by 0.2 per cent to $1.5797.
GBP was flat on the day against the euro - 87.18p - although it had earlier hit 87.36 p, the news resource said.
Yesterday, the ONS revealed that the UK's unemployment rate stands at 7.9 per cent, meaning 2.51 million people are currently without a job.
See the City Index Economic Calendar for more information on the latest market moving events .
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