- The Pound Sterling falls back after a short-lived pullback move to near 1.2930. The British currency appears vulnerable near the round-level support of 1.2900 as a sharp decline in the United Kingdom (UK) Retail Sales data for June has raised doubts over whether the Bank of England (BoE) will leave interest rates unchanged in its August policy meeting.
- Data released on Friday showed that UK monthly Retail Sales contracted at a faster-than-expected pace of 1.2% in June. Economists expected a decline of 0.4% against 2.9% growth in May. The decline in Retail Sales was noted across all areas except for automotive fuel. Retail Sales data is a key measure of consumer spending, which drives consumer inflation. Weak domestic demand weighs on price pressures.
- Apart from a sharp contraction in Retail Sales, Average Earnings declined expectedly in three months ending in May. However, the pace at which wages are growing is still higher than what is needed for BoE officials to gain confidence in reducing interest rates.
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
喜欢的话，赞赏支持一下
加载失败()