| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:00 | United Kingdom | Retail Sales (MoM) | June | 2.9% | -0.4% | -1.2% |
| 06:00 | United Kingdom | Retail Sales (YoY) | June | 1.7% | 0.2% | -0.2% |
| 08:00 | Eurozone | Current account, adjusted, bln | May | 38.6 | 34.6 | 36.7 |
In the European session on Thursday, GBP traded flat and mixed against other major currencies, but for USD, versus which the pound declined by 0.5%, as investors digested weaker-than-anticipated UK retail sales for July.
The Office for National Statistics (ONS) reported this morning that retail sales volumes in Britain declined by 1.2% MoM in June, following a 2.9% MoM surge in May, hurt by gloomy weather. Economists had forecast a 0.4% MoM fall in June. On a YoY basis, the UK retail sales slipped by 0.2% last month.