0920 GMT U.K. retail sales data, due at 0930 GMT, are forecast to show a monthly rise of 0.5% and an annual gain of 5.3%, according to the consensus in a WSJ poll. This would continue a trend of economic indicators suggesting the Brexit vote has yet to hurt consumer spending despite a sharp drop in the pound. A strong reading may help sterling, especially as the U.S. dollar rally temporarily stalled Thursday. However, traders remain mindful of risks to the U.K. economy in months ahead as a weak pound causes prices to rise and dampens consumer spending, while uncertainty over Brexit continues. GBP/USD trades up 0.3% at $1.2468, EUR/GBP down 0.1% at 0.8602. (jessica.fleetham@wsj.com)
Contact us in London. +44-20-7842-9464 markettalk@wsj.com
