UK BRC July Sales Like-For-Like rose 0.1% (-0.2% forecast)

” There was a boost for food retailers toward the end of the month as the sunshine came out and shoppers started getting in party food and drink ahead of the Olympic Games” BRC Director General Stephen Robertson said. “With only the opening couple of days of the Olympic Games covered by these statistics we’ll have to wait a while to assess the overall impact on retail sales.”

Also total retail sales values +2% y/y vs. June +3.5%.

The Pound could use a little more sunshine itself , trading around the 1.5590/95 level.

BBG

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