Today's economic data releases provide a nuanced picture of the current retail market trends in Canada and the UK. The figures depict mixed outcomes with certain metrics aligning close to expectations, while others bring unexpected results. This analysis will delve into how these variations might impact their respective currencies and broader economic sentiments.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Retail Sales YoY (Jul) | 2025-09-19 12:30:00 | 6.5% | 4% | 3.5% | -2.5% | High |
| Retail Sales MoM (Jul) | 2025-09-19 12:30:00 | 1.6% | -0.8% | -0.8% | -2.4% | High |
| Retail Sales MoM (Aug) | 2025-09-19 12:30:00 | -0.8% | 1% | 0.4% | 1.8% | High |
| Retail Sales Ex Autos MoM (Jul) | 2025-09-19 12:30:00 | 2.2% | -1.2% | -0.7% | -3.4% | High |
๐ฃ๏ธ Canada's retail figures show a decline in YoY and MoM data for July, potentially pointing toward weakened consumer confidence or transitional market adjustments. However, improvement in August's MoM results hints at stabilization or potential recovery. These variations might cause short-term volatility in the Canadian dollar but could stabilize with continued positive trends.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Retail Sales Ex Fuel MoM (Aug) | 2025-09-19 06:00:00 | 0.4% | 0.8% | 0.7% | 0.4% | High |
| Retail Sales Ex Fuel YoY (Aug) | 2025-09-19 06:00:00 | 1% | 1.2% | 1% | 0.2% | High |
| Retail Sales MoM (Aug) | 2025-09-19 06:00:00 | 0.5% | 0.5% | 0.3% | 0% | High |
| Retail Sales YoY (Aug) | 2025-09-19 06:00:00 | 0.8% | 0.7% | 0.6% | -0.1% | High |
๐ฃ๏ธ The UK's retail data shows a steady rise in MoM and YoY figures for August, suggesting resilience in consumer spending. The positive deviation from estimates might strengthen the British Pound, positioning it well against other major currencies amid economic uncertainties.
โ Overall, today's key figures offer a mixed outlook. The Canadian data reveals a recovery in August, but uncertainties remain, making the CAD outlook cautiously optimistic. Conversely, the UK retail data indicates robust consumer activity, likely providing support for the GBP.