Market insights

UK Retail Sales Way Off Expected - MI240524

UK retail sales numbers out first thing showed a sharp decline of -2.3% month on month.

Whilst this looks poor on paper, and Pound rates dipped, the market has already bounced back after the news.

Looking ahead it's the Dollar in everyones sights.

Durable goods orders and the Michigan consumer sentiment index are released later.

That looks to be the highlight of the scheduled news.

Business news looks at the further drop in consumer spending as a new energy price cap comes into effect in July meaning bills will drop around the UK.

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Economic calendar

US: 13:30 Durable Goods Orders

US: 15:00 Michigan Consumer Sentiment Index

As ever we look forward to keeping you in the loop and look out for our next update.

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