Jin10 data reported on May 23, despite data showing that UK retail sales in April exceeded expectations, the pound barely moved. Ebury analyst Phil Monkhouse stated in a report that while the data is encouraging, the higher-than-expected inflation in April may dampen the likelihood of the Central Bank of the UK cutting interest rates again in the coming months.
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UK retail sales data stronger than expected, but the pound barely moved.
Jin10 data reported on May 23, despite data showing that UK retail sales in April exceeded expectations, the pound barely moved. Ebury analyst Phil Monkhouse stated in a report that while the data is encouraging, the higher-than-expected inflation in April may dampen the likelihood of the Central Bank of the UK cutting interest rates again in the coming months.