UK retail sales rose strongly by 0.7% in July, but Pound shows no reaction

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.

Full release here.

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.