UGLY UK Retail Sales

Just out: UK retail sales come in ugly.

UK Dec Retail Sales -0.1% On Mo; +0.3% On Yr; Forecast +0.2% On Mo; +1.0% On Yr

— DJ FX Trader (@djfxtrader) January 18, 2013

Per the UK's own office of National Statistics, the number was one of the worst in year.

Excluding Dec 2010, the 0.3% yr-on-yr rise in sales volumes was the lowest yr-on-yr growth for Dec mth since 1998 bit.ly/V7QF68 #ONS

— ONS (@statisticsONS) January 18, 2013

The pound is sliding in the news.