UK data – British Retail Consortium (BRC) total sales in August, the strongest since March

British
Retail Consortium (BRC) total sales in August +1.0% y/y vs +0.5% in July

• BRC Like-for-like sales +0.8% y/y vs +0.3% in July

Barclaycard UK August consumer spending +1.0% y/y (after declining the previous two months)

• chief UK economist at Barclays, said its
  survey supported its view that consumers would increasingly
  support the economy, which had been reliant on government
  spending for growth.
  “Growing real incomes and strengthening consumer confidence
  should combine with falling interest rates to increasingly allow
  consumers to put their spending power to work”

GBP update, not a lot to report:

This article was written by Eamonn Sheridan at www.forexlive.com.