Core Retail Sales m/m comes in at 1.1% against 0.6% consensus

GBP Core Retail Sales m/m for July was released at 06:00 UTC on 2026-07-24, showing a print of 1.1%. This figure exceeded the consensus expectation of 0.6% by 83.3%. The previous month’s reading was -0.4%.

Following the release, market reaction across GBP pairs has been relatively subdued. The GBPUSD moved +2.1 pips five minutes after the print and was +1.7 pips at the 15-minute mark. For context, the median 1-hour move for GBPUSD after past Core Retail Sales releases has been 11 pips. GBPCAD saw a +4.4 pip move at five minutes, settling to +1.6 pips after 15 minutes, compared to its median 1-hour move of 16 pips. Other pairs such as EURGBP, GBPAUD, GBPCHF, and GBPJPY showed minimal movement, with their 15-minute changes ranging from -3.8 pips to +0.3 pips. These initial movements are small when compared to their historical median 1-hour moves, which typically range from 7 pips to 16 pips for these pairs.