The headline reading is the highest since May, so that’s a welcome rebound in retail sales balance. At the same time, expected retail sales for October also moved higher to 5 and that is up from -17 in September. It is the highest reading for the expectations balance since April 2023. That’s a positive signal for UK retail sales activity as we look towards the year-end holiday period.

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