Forex News UK interest rate swaps fall on the release of weaker than expected UK retail sales data for June, reported at -3.9% on the month and +2.2% on the year, versus forecasts of -3% and +4% and +3.5% and +8.1% previously. The 2-year swap rate, which had been around 5.837% prior to the data, drops to around 5.798%. The 10-year swap rate, which had been around 5.443% prior to the data, currently trades around 5.433%.
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