Sunday, July 21, 2019
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UK retail sales | Econ Alerts

October’s UK retail sales could feed pound bears

Christmas will be more expensive for UK shoppers   Inflation readings on Tuesday suggested that British pockets will remain squeezed ahead of the Christmas shopping season, as consumer prices continued growing steadily by 3.0% in October, potentially flagging another disappointing month for retailers. With Brexit negotiations trapped in a deadlock and British real wage growth showing no

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Currency banknotes | Econ Alerts

Canadian Dollar falls as GDP contracts

Forex Market Review (European Session) – Loonie falls sharply on GDP miss; pound boosted on Barnier; Eurozone readings mixed   The Canadian dollar lost ground versus its US counterpart as GDP figures unexpectedly reflected a contraction in the Canadian economy. Eurozone data on inflation, economic growth and unemployment out during today’s session

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