EUR/GBP Price Analysis: Downbeat UK Retails Sales opens doors for further upside
EUR/GBP has advanced to 0.8740 amid downbeat UK Retail Sales data. A negative divergence formation
US: Overall spending to continue to moderate as inflation persists and rates rise – Wells Fargo
Data released on Friday showed retail sales remained unchanged in September compared to August. Stripping
German Retail Sales plunge 4.3% YoY in August vs. -5.1% expected
German Retail Sales arrived at -4.3% YoY in August vs. -5.6% expected. Retail Sales in
USD/JPY remains lackluster below 144.50 despite upbeat Japanese data
USD/JPY is oscillating below 144.50 as yen has failed to capitalize on Japanese data. A
Canada: BoC to deliver another 50bps hike in October despite weak retail sales – CIBC
Data released on Friday showed a 2.5% decline in Canadian retail sales in July, a
Canada: Retail Sales decline by 2.5% in July vs. -2% expected
Retail Sales in Canada fell more than expected in July. USD/CAD trades in positive territory
China’s NBS: Foundation of economic recoveries is still not solid
Following the release of the August activity numbers, China’s National Bureau of Statistics (NBS) released a statement,
UK Retail Sales drop 1.6% MoM in August vs. -0.5% expected
The UK Retail Sales came in at 1.6% MoM in August, a big miss. Core
US: Staying power of consumer spending is waning – Wells Fargo
Data released on Thursday showed an increase in retail sales in August above expectations in
US: Retail Sales rise by 0.3% in August vs. 0% expected
Retail Sales in the US rose modestly in August. US Dollar Index holds above 109.50