-
UK inflation and retail sales expected to ease in September; could weigh on pound amid Brexit stalemate
After Tuesday’s solid jobs numbers, UK economic releases will continue with inflation data on Wednesday and retail sales figures on Thursday. With all eyes this week locked on the Brexit talks, the data may not attract the usual amount of attention. However, with both inflation and retail sales forecast to moderate in September, the data could add to the pound’s downside risks should UK and EU leaders fail to overcome the latest impasse in the Brexit discussions at this week’s EU summit. The headline rate of inflation in the UK has been on the up since July, reversing the trend of an easing in inflationary ... (full story)