Retail sales for October in y/y terms. Currently: -2,7%. Expected: -1,5%. Previously: -1%.
Retail sales for October in m/m terms. Currently: -0,3%. Expected: 0,3%. Previously: -0,9%.
Retail sales (core) for October in m/m terms. Currently: -0,1%. Expected: 0,4%. Previously: -0,9%.
Today's data performs poorly and theoretically increases the chance that the BoE will not continue the interest rate hike cycle. The British pound is losing against the USD shortly after the report.
Mixed US PMI data 🗽EURUSD gains
Shift in Europe's PMIs - Strong manufacturing, services decline
Economic Calendar - PMI data takes center stage as oil resumes climb
Economic Calendar: Inflation in Germany and Canada in the Spotlight
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