At 09:00 (GMT+2), January retail sales data will be published in the UK. The indicator records the volume of all goods retailers sold based on samples of 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). It is expected to adjust from –3.3% to 1.5% MoM and from –2.4% to 1.1% YoY, while the core figure is likely to adjust from –3.2% to 1.5% MoM and from −2.1% to 2.8 YoY, supporting the pound.
