Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: UK Retail Sales Fall, But Helped By Jubilee Weekend

(MNI) London
(MNI) London

Cost-of-living starting to impact on UK consumer activity, with marked fall in petrol sales, ONS data shows.

True

UK retail sales were mixed in June, as a modest improvement in food sales over the Jubilee weekend ran into weaker petrol sales, the Office for National Statistics said Friday. Overall sales by volume fell 0.1% m/m, down 5.8% on the year, while ex-fuel, sales rose 1.4% y/y.

“After taking account of rising prices, retail sales fell slightly in June and although they remain above their pre-pandemic level, the broader trend is one of decline," Heather Bovill, ONS Deputy Director for Surveys and Economic Indicators said.

Keep reading...Show less
170 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

UK retail sales were mixed in June, as a modest improvement in food sales over the Jubilee weekend ran into weaker petrol sales, the Office for National Statistics said Friday. Overall sales by volume fell 0.1% m/m, down 5.8% on the year, while ex-fuel, sales rose 1.4% y/y.

“After taking account of rising prices, retail sales fell slightly in June and although they remain above their pre-pandemic level, the broader trend is one of decline," Heather Bovill, ONS Deputy Director for Surveys and Economic Indicators said.

Keep reading...Show less