Analysts at TD Securities note that UK’s June retail sales were disappointing at -0.5% m/m (mkt +0.2%), but coming on the back of “1-handles” in both April and May, still result in the strongest quarterly growth rate (+2.1% q/q) in more than 14 years. Key Quotes “We think that the strength in the quarterly print is the much more important factor for the BoE, as it confirms the story that the weakness in Q1 GDP growth was just temporary, given the scale of the bounceback in consumer spending in Q2. So we still believe that the BoE is on track to deliver another 25bps rate hike in August.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next White House Adviser Navarro: China is upsetting global economy FX Street 5 years Analysts at TD Securities note that UK's June retail sales were disappointing at -0.5% m/m (mkt +0.2%), but coming on the back of "1-handles" in both April and May, still result in the strongest quarterly growth rate (+2.1% q/q) in more than 14 years. Key Quotes "We think that the strength in the quarterly print is the much more important factor for the BoE, as it confirms the story that the weakness in Q1 GDP growth was just temporary, given the scale of the bounceback in consumer spending in Q2. So we still believe that the BoE is on track… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
