At 09:00 (GMT+2), the UK will release January retail sales data – 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). On a monthly basis, a correction from 0.4% to 0.2% is expected, which may act as a driver of the downward dynamics of the pound quotes.
