UK retail sales volumes to fall in July - HSBC
|HSBC analysts offer a sneak peek on what to expect from the UK retail sales report, which will be reported at 0830GMT later today.
Key Quotes:
“UK retail sales held up reasonably well in June, aided perhaps by better weather and lower petrol prices.
For July, early indicators have been somewhat poor: the VISA consumer spending index was down in y-o-y terms for the third consecutive month, while the BRC index was held up only by food sales: discretionary spending was down 0.7% 3m/3m. So, we expect sales volumes to fall in July. And with some strong base effects for July 2016, this could take the y-o-y rate to a new four-year low.”
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.