U.K. Retail Sales Tumbled as Consumers Showed Election Caution -- Update

U.K. shoppers turned away from retail outlets last month, after highs in May, amid election jitters and poor weather.

WSJJul 19 03:11 ET

Pound Sterling Declines After Weak UK Retail Sales Report

The Pound Sterling (GBP) extends its correction against majority of its peers in Friday’s London session.

FXStreetJul 19 03:10 ET

UK Jobs Data Cooled the Pound

The UK labour market is experiencing a cooling phase. The number of applications for unemployment benefits in June increased by 32.3K after a jump of 51.9K a month earlier.

FXStreetJul 18 09:44 ET

GBP: Inflation Remains Stubborn – Commerzbank

Wednesday's UK inflation figures were slightly higher than expected, Commerzbank FX analysts Ulrich Leuchtmann and Michael Pfister note.

FXStreetJul 18 07:32 ET

CHF: It Is Unclear When SNB Plans to React – Commerzbank

The Swiss Franc (CHF) benefited significantly on Wednesday both against the US Dollar (USD) and the Euro (EUR), Commerzbank FX analysts Ulrich Leuchtmann and Michael Pfister note.

FXStreetJul 18 07:26 ET

BOE Faces Easing Jobs Market Balanced With Sticky Inflation

Despite a cooling U.K. labor-market, it is marginally less probable that the Bank of England's first rate cut will materialize in August after inflation for June failed to cool any further, says Lindsay James, investment strategist at Quilter Investors. The stubborn levels of core inflation, driven in part by persistently high wage growth in an economy short of workers, is a key reason why the BOE is yet to cut rates, she says in a note. Nonetheless, with inflation at target and the labour market showing some signs of cooling as vacancies continue to decline, more members of the bank's monetary-policy committee will likely vote for a cut in the August meeting than the two in June, she adds.

WSJJul 18 06:21 ET