Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Retail sales in the United Kingdom have risen at a monthly rate of 0.5% in July, after a revised down 0.9% drop in June, data by the Office for National Statistics showed.

The latest figure came in line with market consensus.

Sales at non-food stores rose 1.4% in July, mostly in department stores and sports equipment stores.

Non-store retail sales went up 0.7% in July, mostly driven by a rebound at retailers such as stalls, markets, vending machines etc.

At the same time, sales at food stores stalled, while automotive fuel sales shrank in July.

In annual terms, retail sales in the UK surged 1.4% in July, while rebounding after a 0.3% drop in June.

The British Pound was 0.45% stronger on the day against the US Dollar, with the GBP/USD currency pair last trading at 1.2905.

The major Forex pair was holding near a fresh three-week high of 1.2910.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Apple share price up, Beats unit under Monster legal attackApple share price up, Beats unit under Monster legal attack Audio-equipment maker Monster launched a lawsuit against Apple-owned Beats Electronics and the Taiwanese smartphone manufacturer HTC over alleged “fraud and deceit".Monster and Beats teamed-up in 2008 and developed the "Beats by Dr. Dre" […]
  • Yen Stays Under Pressure Despite Japan Inflation JumpYen Stays Under Pressure Despite Japan Inflation Jump Key Moments USD/JPY trades around 160.40 during Asian hours on Wednesday, with the Yen showing little reaction to stronger inflation data. Japan’s Producer Price Index rises 6.3% year-over-year in May, exceeding both April’s […]
  • EUR/USD higher, gains cappedEUR/USD higher, gains capped On Mondays trade the euro edged higher against the US dollar, but gains seemed capped, as expectations of FED to begin tapering its Quantitative Easing, weighed on market sentiment.EUR/USD cross climbed to a session high at 1.2861 at […]
  • Lenovo share price down, pulls the plug on SuperFishLenovo share price down, pulls the plug on SuperFish Lenovo Group Ltd had sold laptops with pre-installed software exposing its devices to hacker attacks and unauthorized monitoring.In September the largest personal computer manufacturer started distributing its devices with a software […]
  • German 10-Year Bond Yields See Largest Historic Single-Day Move in 28 Years, Rise to 2.73%German 10-Year Bond Yields See Largest Historic Single-Day Move in 28 Years, Rise to 2.73% Key momentsThe yield on the 10-year Bund increased by 0.25 percentage points, reaching 2.73%, marking the largest single-day surge since 1997. A new agreement exempts defense spending over 1% of GDP and creates a €500 billion […]
  • Oil gains for first time in five days on upbeat China dataOil gains for first time in five days on upbeat China data Oil prices rose for the first time in five days as positive Chinese trade data surpassed analysts expectations, fueling optimism about improvement in the Chinese economic activity.On the New York Mercantile Exchange, WTI crude for […]