UK Retail Sales Pick Up Pace In August

After a lacklustre July, the CBI’s latest retail survey reveals a more upbeat picture on the high street than expected, led by supermarkets and clothes stores

Retail sales picked up pace in August, thanks to a supermarket bounceback and strong demand for summer clothing.

The CBI’s latest retail survey revealed a more upbeat picture on the high street than expected after a slowdown in July, with a balance of plus 24% of retailers reporting sales increases in the year to August.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza