Investorideas.com

Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS




Share on StockTwits

Pound Slides: UK Consumer Demand Remains Fragile

 

January 17, 2025 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas releases market commentary from Hani Abuagla Senior Market Analyst at XTB MENA.

Pound Slides: UK Consumer Demand Remains Fragile

The British pound continues to face notable headwinds, languishing near multi-year lows as weak economic data reflects persistent challenges in the UK economy. December's retail sales contracted by 0.3%, falling short of expectations, while quarterly sales declined by 0.8% in Q4 2024 compared to Q3. Although sales were 1.9% higher than in Q4 2023, this modest recovery exhibits the fragility of consumer demand in a challenging economic environment.

A steep decline in food store sales brought the sector to its lowest level since April 2013, driven by underperformance in supermarkets. Conversely, non-food stores, particularly clothing retailers, experienced a 4.4% rebound in December, reflecting resilience in discretionary spending during the holiday season. This divergence highlights shifting consumer priorities, with essential spending remaining subdued despite seasonal demand in other categories.

Looking ahead, the pound's trajectory will depend on critical economic data releases, including unemployment rates, consumer confidence, and PMI figures. Downbeat data could increase pressure on the currency, while positive surprises may offer limited support. In parallel, UK bond yields are facing downward pressure amid expectations of a potential rate cut by the Bank of England in February. However, continued economic uncertainty may prompt investors to demand higher risk premiums, further complicating the outlook for UK assets.

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

Disclaimer/Disclosure: disclaimer and disclosure info https://www.investorideas.com/About/Disclaimer.asp

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Learn more about our news, PR and social media, podcast sponsorship and ticker tag services at Investorideas.com

https://www.investorideas.com/Investors/Services.asp

Learn more about digital advertising and guest posts

https://www.investorideas.com/Advertise/

Follow us on X @investorideas @stocknewsbites

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

Contact Investorideas.com

800 665 0411