June 2014 UK retail sales 0.1% vs 0.3% exp m/m via ForexLive

• Prior -0.5%
• 3.6% vs 3.9% y/y. Prior 3.9%. Revised to 3.7%
• Ex-autos -0.1% vs 0.3% exp m/m. Prior -0.5%
• 4.0% vs 4.6% y/y. Prior 4.7%. Revised to 4.5%
• Retail sales deflator 0.0% vs -0.7% y/y and turns around 4 straight months of disinflation as clothes prices rise in the month of June for the first time since 2007
• 3m/3m sales 1.6% vs 1.2% in May

GBP/USD slapped down to 1.7009 from 1.7035

UK retail sales 24 07 2014

There's not enough in here to suggest any real problems in retail and we know from experience that they can be volatile at the best of times.

posted via ForexLive