UK shops see an 80% drop in the visitors in May – BRC

Dhwani Mehta FXStreet

According to the British Retail Consortium (BRC), the UK reported an 81.6 % drop in the number of shoppers visiting the malls, shopping parks etc., in light of the coronavirus pandemic-imposed lockdown.

Key takeaways

The footfall data showed a slight improvement on the 84.7% decline seen in April as some garden centres and homeware shops reopened during May.

BRC Chief Executive Helen Dickinson said: “A mix of low consumer confidence and limits on the number of people able to enter stores mean that many shops will continue to suffer lower footfall – and lower sales – for some time to come.”

GBP/USD Price Analysis: Falls below 100-day SMA to battle 1.2500

GBP/USD prints three-day losing streak while testing 23.6% Fibonacci retracement.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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