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UK: Retail sales likely to post second consecutive 0.6% m/m gain - TDS

Analysts at TDS are looking for UK retail sales to hold up reasonably well in July with the second consecutive 0.6% m/m gain (mkt 0.2%).

Key Quotes

“This would be the first back-to-back gains in sales volumes since July-August last year. It seems that we’re near the peak of exchange rate pass-through into consumer prices, which should help to lessen the drag on real incomes later this year, and put consumer spending growth on a stronger footing going forward.”

USD/JPY on offers for second straight session, holds weaker below 110.00 mark

The USD/JPY pair extended previous session's sharp retracement from the vicinity of 111.00 level and remained under some selling pressure for the seco
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When are UK retail sales and how could they affect GBP/USD?

UK retail sales Overview The UK retail sales data is expected to ease to 0.2% m/m in July, while on annualized basis, retail sales are also seen tick
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