The pound today dipped to a fresh 37-year low after retail sales volumes fell by more than expected in August.
The 1.6% month-on-month decline reported by the Office for National Statistics, which compared with City forecasts for a fall of 0.5%, was driven by a broad range of sectors as price pressures intensify.
On the 30th anniversary of Black Wednesday, the poor retail update kept up pressure on sterling at below $1.14.
