August 16, 2024 06:07 GMT
UK DATA: Retail sales broadly in line with expectations
UK DATA
Retail sales broadly in line with expectations - particularly given the volatility of the series. Inc fuel a tenth lower M/M than consensus, ex fuel a tenth higher, both with positive revisions to June data.
- Y/Y for both inc/ex fuel 1.4% - in line with consensus.
- The ONS notes that "Department stores and sports equipment stores reported a boost following summer discounts and sporting events."
- GBPUSD currently at an intraday high of 1.2885 (versus 1.2878 pre-data.
- Nothing surprising in this data at first glance for the MPC.
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