Eurozone Retail Sales declines unexpectedly 0.6% MoM in July

Eurozone Retail Sales contracted at a 0.6% pace Month-on-Month (MoM) in June, while they were anticipated to rise by 0.3%.

Eurozone Retail Sales (YoY) below expectations (1.1%) in July: Actual (0.6%)

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British Pound: Budget risks weigh on Sterling – Rabobank

Rabobank’s Senior FX Strategist Jane Foley highlights that the British Pound (GBP) is vulnerable as global bond market pressure focuses on high-debt countries facing elections or budget talks.
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