GBP/USD: Both US & UK Retail Sales Impress

The Pound Euro (GBP/EUR) exchange rate is heading lower for a second day. The pair trades -0.1% at €1.0935.

After sitting on the fence for several months, the BoE indicated that negative interest rates could be coming.

Attention now turns to retail sales which are expected to +0.7% month on month in August, after 3.6% jump in July. Growth is returning to much more normal levels.

The Euro is trading firmly despite lacklustre inflation in the bloc. Headline inflation -0.4% MoM in August.

German producer price inflation is in focus. Analysts expect -0.1% versus +0.2% growth last month.

GBP Index Today - last 180 days