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Pound Sell-Off on Sub-par Retail Sales, GDP Up Next
Thursday, 19 July 2007 18:28:05 GMT  |  DailyFX Research Team
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Softer-than-expected retail sales and money supply data preceded a sell-off in the British pound as it falls from the recent 26-year highs.  Tomorrow comes the major economic event; GDP which is expected to print in-line with estimates.

UK Fundamentals:
Next 24 Hours: (7/19)
 GDP (QoQ) (2QA)
Survey: 0.7%
Previous: 0.7%
 GDP (YoY) (2QA)
Survey: 2.9%
Previous: 3.0%
 Index of Services
Survey: 1.0%
Previous: 1.0%

Last 24 Hours:
 Retail Sales (MoM) (JUN)
Actual: 0.2%
Previous: 0.4%
 Retail Sales (YoY) (JUN)
Actual: 3.4%
Previous: 3.9%
 Public Finances (PSNCR) (JUN)
Actual: 10.3B
Previous: 6.0B (Revised)
 Public Sector Net Borrowing (JUN)
Actual: 7.4B
Previous: 8.7B (Revised)
 M4 Money Supply (MoM) (JUN P)
Actual: 0.8%
Previous: 1.3%
 M4 Money Supply (YoY) (JUN P)
Actual: 13.0%
Previous: 13.9%
 M4 Sterling Lending (GBP) (JUN P)
Actual: 5.1B
Previous: 26.6B (Revised)

 

See Daily FX Weekly Calendar for further insight.

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