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When are the UK retail sales and how could they affect GBP/USD?
The UK retail sales, scheduled to be published later this session at 0830 GMT, are expected to come in at 0.0% m/m in August, following a +0.2% figure seen in July. Total retail sales are seen arriving at 2.9% over the year in the reported month, down from 3.3% booked previously. Meanwhile, core retail sales, stripping the basket off motor fuel sales, are seen flat (0.0%) m/m while rising 2.6% y/y. Deviation impact on GBP/USD Readers can find FX Street's proprietary deviation impact map of the event below. As observed the reaction is likely to remain confined between 10 and 70 pips in deviations up to 3.5 to -1.5, ... (full story)