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UK: Retail sales mark first increase in 3-months – TDS

FXStreet (Delhi) – Research Team at TD Securities, note that the UK retail sales for August increased 0.2% m/m (as consensus expected), marking the first increase in the number in 3 months.

Key Quotes

“The less volatile ex-fuel number increased 0.1% m/m on the month, also as expected. The underlying details of the report were mixed, with food stores down relatively sharply, but support coming from textiles, clothing & footwear.”

“On a year-on-year basis, retail sales remain healthy (3.7 %), and with annual core wage growth registering 7-year highs and prices relatively flat in recent months, consumer spending should be supported further through the remainder of the year.”

Poland Producer Price Index (YoY) dipped from previous -1.7% to -2.7% in August

Poland Producer Price Index (YoY) dipped from previous -1.7% to -2.7% in August
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China: Initial impact of CNY devaluation shock, reversing - MUFG

Lee Hardman, Currency Analyst at MUFG, notes that the main trend in the foreign exchange market heading into today’s FOMC meeting is the ongoing reversal of the initial impact from the renminbi devaluation shock.
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