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Euro dips further against British Pound as German Retail Sales disappoint
The Euro (EUR) extends losses for the fourth consecutive day against the British Pound (GBP) on Wednesday, as German retail consumption figures failed to cheer investors while the UK Q2 Gross Domestic Product (GDP) was revised higher.
Japan Annualized Housing Starts declined to 0.753M in August from previous 0.774M
Japan Annualized Housing Starts declined to 0.753M in August from previous 0.774M
1.3%: Germany’s Retail Sales rise by less than expected in August
German Retail Sales, a key measure of consumer spending, showed an upside in August. The consumer spending measure rose 1.3% month-on-month (MoM), according to official data released by Destatis, while it was expected to have increased 2.0%. In July, Retail Sales arrived at -3.4%.
Germany Retail Sales (MoM) below expectations (2%) in August: Actual (1.3%)
Germany Retail Sales (MoM) below expectations (2%) in August: Actual (1.3%)
Germany Retail Sales (YoY) registered at -0.4%, below expectations (0%) in August
Germany Retail Sales (YoY) registered at -0.4%, below expectations (0%) in August
Sweden Retail Sales (YoY) above expectations (0%) in August: Actual (6.9%)
Sweden Retail Sales (YoY) above expectations (0%) in August: Actual (6.9%)
Sweden Retail Sales (MoM) came in at 0.8%, above forecasts (0%) in August
Sweden Retail Sales (MoM) came in at 0.8%, above forecasts (0%) in August
South Africa Private Sector Credit came in at 7.47%, above expectations (0%) in August
South Africa Private Sector Credit came in at 7.47%, above expectations (0%) in August
South Africa M3 Money Supply (YoY) above forecasts (0%) in August: Actual (8.89%)
South Africa M3 Money Supply (YoY) above forecasts (0%) in August: Actual (8.89%)
United Kingdom Current Account above forecasts (£-25.6B) in 2Q: Actual (£-19.932B)
United Kingdom Current Account above forecasts (£-25.6B) in 2Q: Actual (£-19.932B)
Denmark Gross Domestic Product (YoY) above forecasts (4.6%) in 2Q: Actual (5.7%)
Denmark Gross Domestic Product (YoY) above forecasts (4.6%) in 2Q: Actual (5.7%)
Denmark Gross Domestic Product (QoQ) came in at 0.9%, above forecasts (0.3%) in 2Q
Denmark Gross Domestic Product (QoQ) came in at 0.9%, above forecasts (0.3%) in 2Q
United Kingdom Gross Domestic Product (YoY) above forecasts (1.2%) in 2Q: Actual (1.4%)
United Kingdom Gross Domestic Product (YoY) above forecasts (1.2%) in 2Q: Actual (1.4%)