UK Retail Sales drop 0.5% MoM in May vs. -0.7% expected

  • The UK Retail Sales came in at -0.5% MoM in May, beats estimates
  • Core Retail Sales for the UK dropped by 0.7% MoM in May.
  • The cable defends gains below 1.2300 on the mixed UK data.

 

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United Kingdom Retail Sales ex-Fuel (YoY) came in at -5.7%, below expectations (-5.1%) in May

United Kingdom Retail Sales ex-Fuel (YoY) came in at -5.7%, below expectations (-5.1%) in May
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AUD/USD: Faces solid support around 0.6850 – UOB

Further downside in AUD/USD is seen meeting decent contention in the mid-0.6800s in the near term, suggested FX Strategists at UOB Group Lee Sue Ann a
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