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.
BREAKING: Eurozone trade balance mixed 💶
Economic calendar: US Philly Fed and central bankers speeches in focus
BREAKING: UK manufacturing data slightly stronger than expected; GDP lags slightly
Morning wrap (16.10.2025)