The dollar is slightly lower on the day, giving back some of the gains from yesterday. The more solid US retail sales data helped to give the greenback a lift, alongside risk trades. It's a repeat lesson to the old saying: Never underestimate the power of US the consumerLooking to the session ahead, we'll be turning our attention to another retail sales data. This time the one from the UK. And if there is a saying of sorts to this, it is that more often than not UK retail sales will end up disappointing. That at least since the pandemic. And inflation is the main thing to blame there.It's been the case for well more than a year already, as highlighted here in 2023. And that divergence betwee
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