Retail sales in the UK advanced by only 0.1% in July, worse than expected. There was a small silver lining: the previous data was revised to the upside: from -0.2% to -0.1%. Year over year, it’s 4.2%, below expectations. Core sales rose 0.4% as expected and so are core y/y sales: 4.3%.
GBP is lower in the initial publication, slipping to 1.5630 but after the initial move, we have a bounce back to the previous levels.
Read the rest of the article UK Retail Sales only +0.1%, core sales OK – GBP/USD temporarily slides