Uk Retail Sales YoY at 2.8% vs 1.4% forecast. Also, prior reading revised up to 1.7% from 1.5%.

The number for the month of August is even more impressive: 1% vs 0.2% forecast.

This reading (2.8%) makes clear that consumption in the UK is coming back. It is bouncing from a year low of 0.6%, but it is still far from last year 6.2% recorded always in September.

Next week, UK GDP (Q2) should make things more clear, considering that now the market is pricing a rate hike during November MPC meeting at 64.6%.