UK retail sales rose in August at their fastest pace in four months
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European equity indices lose some ground with Spain (-1%) a notable underperformer on increased tensions in Catalunya (see below). US stock markets open nearly unchanged with investors waiting for the outcome of tonight's FOMC meeting.
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UK retail sales rose in August at their fastest pace in four months (1% M/M), providing further evidence of a tentative pickup in consumer spending. The July figure was upwardly revised from 0.5% M/M to 0.7%M/M. EUR/GBP temporary dropped from 0.888 to 0.883, but sterling couldn't hold on to gains.
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Spain's paramilitary national police have raided the headquarters of the Catalan government in Barcelona in the latest offensive against the proposed referendum on independence, set to be held in less than two weeks' time. They arrested 13 people for their alleged involvement in planning the secession vote.
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NZD/USD jumped towards 0.74 following the release of a new poll showing the governing National Party could rule alone after the country's general election on September 23.
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Greek banks are set to float revised plans to reduce their non-performing loans to their boards early next month, bank sources said, in news that drove down shares in the country's lenders.
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