At 08:00 (GMT+2), August retail sales data will be published in the UK. The indicator monthly records the volume of all goods sold by retailers. It is calculated based on a sample of UK retail stores of different types and sizes. It is an important indicator of consumer spending and has a significant impact on gross domestic product (GDP). The indicator is expected to adjust from –1.2% to 0.5% MoM and from –3.2% to –1.2% YoY, while the core value will fall from –1.4% to 0.6% MoM and slow the negative dynamics from −3.4% to −1.3% YoY. The implementation of the forecast may put pressure on the pound.
