UK Retail Sales

• Core Retail Sales (m/m) (September), fact -0.8%, forecast -0.4%.
• Core Retail Sales (y/y) (September), fact 3.2%, forecast 3.7%.
• Retail Sales (m/m) (September), fact -0,8%, forecast -0,4%.
• Retail Sales (y/y) (September), fact 3.0%, forecast 3.6%.

UK retail sales declined substantially in September, putting pressure on the British pound. At the same time, previous figures ​​were revised for the better, which slightly alleviated the negative effect of this report. Against the background of a decrease in retail sales, a particular concern is caused by a decrease in core retail sales index on an annualized basis, which has been slowing down for the third cosecutive month. It may increase concerns about inflation.

UK core retail sales index chart (y/y)

 

General dynamics of the British pound remains restrained due to market expectations about Brexit. Earlier it became known that negotiations on the UK exit from the EU were faced with the next difficulties, which had a very negative impact on the pound’s price.

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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