UK Retail Sales Rise 0.2% in June

UK retail sales rose by 0.2% in June from the month before, helped by department store discounts.

The Office for National Statistics said the figure meant sales were up 2.2% from a year earlier.

June’s modest rise compares with May’s strong growth of 2.1%, but will add to hopes of UK economic revival.

The current heatwave is also boosting hopes that retail sales growth will continue. Analysts said the good weather would help consumer confidence.

via BBC

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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