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Adding insult to injury

Adding insult to injury

UK retail sales and consumer confidence fall as inflation mounts

  • London-listed #Petropavlovsk will miss a loan payment due on Friday after Britain froze the assets of its main lender #Gazprombank in its latest set of sanctions following Russia's invasion of Ukraine
  • Britons cut back on their shopping in February and consumer confidence levels tumbled this month as accelerating inflation cast a shadow over the world's fifth-biggest economy, released data showed
  • The #euro edged higher, but concerns about a potential slowdown of the economy kept it in a tight range, while the #dollar weakened as investors priced in expected monetary tightening by the Federal Reserve
  • #WTIUSD gained 0.4%
  • #USDJPY corrected downwards by 0.2%

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