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At 08:00 (GMT+2), the UK will release data on retail sales for July, an indicator that records the volume of all goods retailers sold, based on samples of stores of different types and sizes. It is an important indicator of consumer spending, which has a significant impact on Gross Domestic Product (GDP). If it continues to decline from 0.9% MoM and 1.7% YoY, this will put pressure on the pound.
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