British Retail Sector Suffers Over Rising Brexit Uncertainties - Forex News by FX Leaders
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British Retail Sector Suffers Over Rising Brexit Uncertainties

Posted Monday, August 12, 2019 by
Arslan Butt • 1 min read

According to a survey by Springboard, empty shops in Britain rose to the highest level since January 2015, with the national town center vacancy rate touching 10.3% in July, up 0.1% from the previous quarter. Footfall of shoppers has also declined by 1.9% in July to touch the lowest levels in seven years.

British shopping centers were the worst affected, experiencing a footfall decline of 3.1%, followed by UK high streets where shopper footfall fell by 2.7%. Meanwhile, retail parks saw shopper footfall rise by 1.2% in July.

This latest data is in line with the recent report from BRC which revealed the slowest sales growth in July, with 12-month average total sales falling to 0.5%. High streets as well as online retailers are experiencing slower growth in retail sales over mounting Brexit uncertainties.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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