5 important things this week will bring us!
It seems like this week is about CPI and Brexit, although there is more news!
British retail sales revive in June, surpassing expectations
In June, British retail sales grew more than expected, reviving moderately from the previous month’s dip and spurring optimism over the UK economy, as official data disclosed on Thursday.
UK Office for National Statistics informed that in June retail sales tacked on by 0.6% from the previous month, contradicting the previous 1.1% sag that was revised from an initial 1.2% tumble.
Financial experts expected June’s reading to soar by 0.4%.
Additionally, the previous month year-on-year, retail sales inched up 2.9%, compared to forecasts for surge of 2.5% as well as May’s 0.9% leap.
Core retail sales, excluding car sales and fuel, grew by 0.9% in June, in contrast with the previous 1.5% sag that was revised upwards from an initial decrease of 1.6%.
Experts had expected core retail sales to inch up by 0.5% the previous month.
Meanwhile, EU equities traded higher. For instance, in London FTSE 100 grew 0.45%. Additionally, the Euro Stoxx 50 edged up 0.77%, Germany's DAX surged 0.67% and France's CAC 40 jumped 0.55%.
Similar
China exports rally in September, generating record surplus with America
In September, China's all-mighty export engine suddenly kicked into higher gear, generating a record trade surplus with America that could potentially worsen the already-heated clash between the two leading economies…
Weekly CryptoNews
What has been happening on the cryptomarket during this week? Find out from our weekly crypto analytics!
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
