Market foсus

On Thursday, October 19, 2017, attention should be paid to the data on retail sales in the UK. Retail sales are an important indicator of consumer spending. Also, it characterizes consumer confidence and is seen as an indicator of the pace of the UK economic growth.

• According to the forecast, retail sales decreased by -0.1% in September, against the growth of 1.0% in the previous month, at an annual rate of 2.1%, which is lower than the previous value of 2.4%.
• The base retail sales index will grow by 0.1% in September, against the value of August at the level of 1.0%, in annual terms the indicator will be 2.4%, which is lower than the previous value at 2.8%.

The release of data within the forecast will put pressure on the pound, against which one should expect the decline of the British currency within 50-60 points against the competitiors. Also, the decline in these indicators will signal that the growth in inflation rates has a negative impact on the development of the UK economy.

For more information, see https://esterholdings.com/en/2017/10/17/funt-teryaet-pozitsii-2/

Alexander Sivtsov