HomeLive CommentsUK retail sales rose strongly by 0.7% in July, but Pound shows...

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

ActionForex
By ActionForex

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.

 

Start Trading
Start Trading
Start Trading
Start Trading
ActionForex
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Latest Analysis

Load more

Learn Forex Trading