Retail Sales. UK, 10:30 (GMT+2)

The data on the British retail sales are due at 10:30 (GMT+2). On a monthly basis the indicator is expected to drop to –0.2% in August from 0.7% a month earlier. On an annual basis the indicator is expected to decline to 2.3% in August from 3.5% a month earlier. The indicator is based on the total number of checks for purchases in retail stores. It characterizes the level of consumer spending and demand. Sales volume growth is an important factor of economic development. High values have a positive effect on the economy and strengthen GBP, and the reduction weakens it.

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