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At 9:30am BST UK Retail Sales figures were announced and showed a year on year improvement of 3.3%, which is some 0.6% better than analysts had forecast. The amount of money in circulation in the UK has also seen a 1% improvment from last month, although despite these positive figures the pound has not seen any support to improve exchange rates for buying foreign currency. Sterling/New zealand dollar rates have so far dropped by 0.3% by late morning.