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UK Retail Sales Inc Auto Fuel (M/M) Apr: -2.3% (est -0.5%; prevR -0.2%)
- Retail Sales Inc Auto Fuel (Y/Y): -2.7% (est -0.3%; prevR 0.4%)
- Retail Sales Ex Auto Fuel (M/M): -2.0% (est -0.8%; prevR -0.6%)
- Retail Sales Ex Auto Fuel (Y/Y): -3.0% (est -1.1%; prevR 0.0%)
- Germany Q1 final GDP +0.2% vs +0.2% q/q prelim
Weak UK economic momentum data may reduce chances of hawkish BoE interest rate decision. The pound loses after the report.