UK Retail Sales surprisingly increased by 1.4%

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Thursday, Aug 18 2016

In July 2016, the quantity bought (volume) of retail sales is estimated to have increased by 5.9% compared with July 2015; all sectors showed growth with the main contribution coming from non-food stores. Compared with June 2016, the quantity bought increased by 1.4%; all sectors showed growth with the main contribution again coming from non-food stores.

Average store prices (including petrol stations) fell by 2.0% in July 2016 compared with July 2015. Compared with June 2016, there was a fall of 0.8%. The amount spent (value) in the retail industry increased by 3.6% compared with July 2015 and 1.6% compared with June 2016. The amount spent online increased by 16.7% compared with July 2015 and increased by 1.2% compared with June 2016.

Sterling jumped to above 1.31 handle. Pair is likely to find support around 1.30 handle and resistance above 1.3180 level.

More in this category: « Australian Unemployment Rate drops to 5.7% Eurozone Final CPI showed 0.2% incline »

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