Retailers enjoy 0.5% summer sales upswing but spending outlook darkening
|However, this positivity could soon shift if inflation continues to run hot and interest rates remain elevated. With concerns around potential Autumn Budget tax hikes and the UK job market, many households may decide to rein in discretionary spending in the lead-up to the vital festive trading period.
In this environment, retailers should strengthen their resilience. Careful planning, lowering supply-chain and operational costs, and implementing robust FX hedging strategies can help safeguard margins and maintain flexibility to adapt quickly to shifting demand and market conditions.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.