July is a rather strong month in UK retail sales, thanks to World Cup and good whether.
Headline retail sales including fuel rose 0.7% mom, 3.5% yoy, well above expectation of 0.2% mom, 2.9% yoy.
Ex-auto and fuel sales jumped 0.9% mom, 3.7% yoy, also well above expectation of 0.0% mom, 2.7% yoy.
But just like employment and inflation data released earlier this week, the Pound basically has no reaction. It’s trading mixed today, digesting this week’s loss against Dollar and Yen.