UK retail sales rose 0.2% in August, but this came on top of a downwards revision for July, with 0% change instead of +0.1% originally reported. Year over year, the rise is only 3.5%. Core sales also rose as expected month over month, +0.1% but also here there was a downwards revision and the y/y figure missed with 3.7%.
GBP/USD was a bit wobbly in range, but isn’t going too far. It’s Fed day today and the tension is rising.
Read the rest of the article UK retail sales rise 0.2% as expected but with downwards revisions – GBP slides