EUR/GBP shows no movement after the release of weaker-than-expected UK Retail Sales on Friday.
UK Retail Sales fell by 1.2% month-over-month in June, compared to the projected 0.4% decline.
ECB President Lagarde provided no hints about the stance for the next meeting, stating that September was "wide open."
EUR/GBP holds mild gains around 0.8420 during the Asian session following the release of UK Retail Sales data on Friday. The volume of sales of goods by retailers fell by 1.2% month-over-month in June, reversing the 2.9% increase seen in May, according to the Office for National Statistics (ONS). This decline was steeper than the projected 0.4% drop.
UK Retail Sales decreased by 0.2% year-over-year in June, compared to a 1.3% increase in May. Core Retail Sales also fell by 0.8% YoY in June, down from a 1.2% growth in the previous month, missing expectations. Additionally, the GfK Group Consumer Confidence Index for July showed a decline to -13 from -14, falling short of the forecasted -12.
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