• Prior -5

The reading for the expected retail sales for August is seen down to -14 from -2 in the previous month. That’s the lowest since March 2021 as UK retailers are feeling rather downbeat about the outlook in the month ahead. The cost-of-living crisis continues to deepen and while retail sales balance edged up slightly as per the headline reading, it is hardly comforting when you weigh the report as a whole.

This article was written by Justin Low at www.forexlive.com.