UK retail sales show signs of stabilising in December - CBI

British retail sales showed signs of stabilizing in December after several months of decline, a survey by the Confederation of British Industry showed on Thursday.

The CBI's monthly gauge of retail sales rose to zero in December from -3 in November, its highest level in eight months but still signaling flat sales overall.

Earlier on Thursday, official data showed British shoppers kept a tight grip on their wallets last month as retail sales grew at their slowest annual pace since April 2018 amid uncertainty about Brexit and December's election.