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Breaking Posted 4 hours ago

UK BRC Retail Sales Miss: 1.7% YoY vs 2.7% Forecast

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UK retail sales decelerated sharply to 1.7% year-over-year, missing the 2.7% forecast and falling from 3.4% prior. The significant miss signals weakening consumer demand in Britain and reinforces softening economic momentum ahead of potential BoE rate cuts, pressuring GBP lower against USD and EUR.
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4 hours ago

UK Retail Sales Miss Forecast; June Y/Y Growth Slows to 1.7%

UK BRC Retail Sales Monitor fell to 1.7% year-over-year in June, missing the 2.9% forecast and dropping from 3.4% prior, signaling weakening consumer demand. GBP/USD and cable pairs face downside pressure as the data reinforces dovish UK rate-cut expectations amid softer economic momentum.

https://x.com/LiveSquawk/status/2076804653124067444
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