UK retail sales fell 0.4% in September, missing forecasts, though upward revisions to previous months helped stabilize the broader third-quarter economic outlook.
UK retail sales missed expectations in September but Q3 growth held up due to upward revisions, leaving the pound's reaction muted.
UK retail sales volumes contracted by 0.4% in September, missing market expectations of a 0.1% decline. Despite the monthly setback, upward revisions to July and August data suggest that overall third-quarter growth remains resilient, keeping the British Pound largely range-bound.
The GBP/USD pair remained largely neutral as the negative surprise in September sales was offset by upward revisions to previous months, suggesting the UK economy maintained momentum through Q3.