Retail Sales GBP: The retail Sales released by the National Statistics measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative or bearish. We expect a third consecutive month-on-month fall in sales as the cost of living squeeze continues to bite.
ECB President Lagarde Speaks EUR: As part of her job in the Governing Council, Lagarde holds press conferences in detailing how the ECB observes the current and future state of the European economy. Usually, a hawkish outlook is boosts the euro, while a dovish one weighs on the common currency.
Existing Home Sales USD: It is a leading indicator of economic health because the sale of a home creates a widespread ripple effect. Housing numbers will be soft, which could lead to a weaker dollar, due to rapidly rising mortgage borrowing costs that have dampened demand.
