India, July 25 -- The British pound weakened against most major currencies in the European session on Friday, as U.K. retail Sales grew at a slower-than-expected pace in June.
Data from the Office for National Statistics showed that U.K. retail sales recovered in June as warm weather boosted food and non-food store sales. Retail sales grew 0.9 percent on a monthly basis, in contrast to the revised 2.8 percent drop in May. However, this was weaker than economists' forecast of 1.2 percent gain.
Sales advanced 1.7 percent from the previous year, following a 1.1 percent decrease in May. This was slightly weaker than forecast of 1.8 percent.
Excluding auto fuel, retail sales advanced 0.6 percent, reversing a 2.9 percent drop in May. Economist...