· In the three months to July 2019, the quantity bought in retail sales increased by 0.5% when compared with the previous three months, with food stores and fuel stores seeing a decline.
· The quantity bought in July 2019 increased by 0.2% when compared with the previous month.
· Department stores’ growth increased for the first time this year with a month-on-month growth of 1.6%; this was following six consecutive months of decline.
· Year-on-year growth in the quantity bought increased by 3.3% in July 2019, with food stores being the only main sector reporting a fall at negative 0.5%.
GBP/USD picked up fresh bids and hit daily tops at 1.2085 after the UK Retail Sales delivered an upside surprise across the time horizon.