Today’s update on UK retail sales will bring a new round of analysis on the outlook for Britain’s economic recovery. Later, two US reports will feed the crowd's appetite for new insight into the business cycle via fresh numbers for the NY Fed Index (Empire State Manufacturing) and industrial production. UK Retail Sales (08:30 GMT): Retail spending looked a bit wobbly in June, but several indicators suggest that July’s pace will perk up. That’s also the assumption in the consensus forecast among economists, who see a healthy 0.7 percent rise in today’s official report for retail sales in July versus the previous ... (full story)