8:03 AM · 17 November 2023

BREAKING: UK retail sales below expectations

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.

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Losses can exceed deposits

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