At 08:00 (GMT+2), the UK will release June data on retail sales volume, a measure that tracks the volume of all goods sold by retailers each month, based on a sample of stores of different types and sizes. It is the primary indicator of consumer spending, which influences the Gross Domestic Product (GDP). If the monthly and annual figures continue to trend negatively, from –2.7% and –1.3%, respectively, this will put pressure on the pound exchange rate.
