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UK July retail sales -1.2% vs -0.5% m/m expected

Prior +0.7%; revised to +0.6%Retail sales -3.2% vs -2.1% y/y expectedPrior -1.0%; revised to -1.6%Retail sales (ex autos, fuel) -1.4% vs -0.7% m/m expectedPrior +0.8%; revised to +0.7%Retail sales (ex autos, fuel) -3.4% vs -2.2% y/y expectedPrior -0.9%; revised to -1.6%Those are some pretty bleak numbers and they won't do the BOE any good in trying to balance out economic prospects and tightening monetary policy further in the months ahead. The cost-of-living crisis continues to bite at the UK c... Read More

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July

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Forex

Posted: Aug 18 2023, 06:00

Author Name: forexlive

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