UK retail sales month-on-month came in at -0.4%, below the forecast of -0.1% and down from the previous 0.5%.

FinancialJuice10/23, 01:00 PM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

GBP
Pushes down
DaysMedium confidence
Weaker retail spending may ease pressure for BoE tightening, weighing on sterling.

What could change this

A still-hawkish BoE stance despite soft spending data could limit downside for GBP.

1.3378-0.17%vs previous close

-0.07%

since this story

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This story

10/23, 03:55 AM10/24, 03:55 AM