UK CBI August retail reported sales report now out 24 Aug
- 22 prev
- total distributive reported sales 2 vs 16 exp vs 21 prev
Big misses but not prime data so GBP not fazed and holding 1.2815 for the moment after 12825 earlier highs
EURGBP finding demand into 0.9190 and back to 0.9200 helping to cap cable.
GBP generally underpinned here but ranging still.
The Confederation of British Industry (CBI) Distributive Trades Survey (DTS) measures the health of the retail sector. The reading is compiled from a survey of about 150 retail and wholesale companies. It includes measures of sales activity across the distributive trades. It is a leading indicator of consumer spending. The figure is the difference between the percentage of retailers reporting an increase in sales and those reporting a decrease.
UK CBI retail sector sales mm
