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UK retail sales beat on estimates again in August with a rise in almost all categories. Some supermarkets and clothing retailers reported a boost because of warmer weather and end-of-season sales. And looking to sales volumes in the three months to August, that is seen up 1.2% when compared with the three months to May.
Overall, it’s a positive picture to wrap up the summer period in the UK. That will help to give the BOE more breathing room in keeping rates higher for the time being.
GBP/USD nudges up slightly to 1.3305 now, up 0.2% on the day.
This article was written by Justin Low at www.forexlive.com.
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