Low impact
UK September retail sales excluding auto fuel rose 0.8% year-on-year, below the 1.4% estimate and down from 2.7% previously.
FirstSquawk10/23, 01:02 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
GBP
Would push down
DaysMedium confidence
Weaker UK retail sales could ease pressure for further BoE tightening, weighing on sterling
What could change this
If other UK data continue to show inflation persistence, the BoE may still lean toward tightening despite this soft retail reading.
GBP/USD before and after this story
1.3378-0.17%vs previous close
-0.07%
since this story
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This story
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