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Jul 22 - 03:55 AM

GBP/USD - Hits Intra-Day Low After Mixed UK Retail Sales Data

By Rob Howard  —  Jul 22 - 02:35 AM
  • Cable dips to 1.1954 (intra-day low) after mixed UK retail sales data

  • June retail sales down 5.8% YY vs 5.3% f/c; ex-autos up 0.4% MM vs -0.4% f/c

  • May retail sales revised down by 0.3% to minus 0.8% MM nL8N2Z3162

  • 1.1891 was Thursday's 3-day low (as Lagarde spoke). 1.2004 = subsequent high

  • UK July flash PMIs due 0830 GMT; service PMI f/c 53.0, mfg PMI f/c 52.0

  • Race for Downing Street drives tax policy split into Tories nL8N2Z24N4

Source:
Refinitiv IFR Research/Market Commentary

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