BREAKING: UK retail sales slightly lower than expected; GBPUSD with limited reaction 📌

7:02 AM 16 August 2024

07:00 AM BST, United Kingdom - Retail Sales Data for July:

Retail Sales: actual 0.5% MoM; forecast 0.6% MoM; previous -0.9% MoM;
Retail Sales: actual 1.4% YoY; forecast 1.4% YoY; previous -0.3% YoY;
Core Retail Sales: actual 0.7% MoM; forecast 0.8% MoM; previous -1.3% MoM;
Core Retail Sales: actual 1.4% YoY; forecast 1.4% YoY; previous -0.8% YoY;

The data are more or less in line with consensus, hence we do not see a significant reaction in the market after the publication. It is important to note the strong rebound compared with the previous month's reading and the solid month-on-month increase.

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