September 03, 2024 at 12:12AM
British
Retail Consortium (BRC) total sales in August +1.0% y/y vs +0.5% in July
BRC Like-for-like sales +0.8% y/y vs +0.3% in July
Barclaycard UK August consumer spending +1.0% y/y (after declining the previous two months)
chief UK economist at Barclays, said its
survey supported its view that consumers would increasingly
support the economy, which had been reliant on government
spending for growth.
“Growing real incomes and strengthening consumer confidence
should combine with falling interest rates to increasingly allow
consumers to put their spending power to work”
GBP update, not a lot to report:
This article was written by Eamonn Sheridan at www.forexlive.com.
