LONDON, Sept 3 Reuters The pound eased on Tuesday, edging lower against both the dollar and the euro, as investors booked some profit on sterling39;s largest monthly rally in 10 months ahead of a key read of the U.S. jobs market later this week.

Data on Tuesday showed summery weather in August helped boost UK consumer spending, as shoppers splashed out on food and drink, although this did little to support the pound.

Sterling , which gained 2.13 in August in its strongest monthly increase since November 2023, was down 0.2 against the dollar at 1.31165 in early trade, some 1.2 below last week39;s twoyear high of 1.3269.

The euro was up 0.1 against the pound at 84.295 pence, rising for a third consecutive day after having hit a onemonth low late last week.

Barclays said on Tuesday consumer spending on its credit and debit cards rose by 1.0 yearonyear in August, bucking two months of decline.

A separate survey from the British Retail Consortium also showed spending in shops increased by 1.0 in annual terms in August, the strongest uptick since March.

The reports chimed with various consumer and business surveys that suggest Britain39;s economy will expand at a solid pace through the second half of the year, albeit slowing from the rates seen earlier in the year as the economy rebounded from a shallow recession.

Were finally back at a point where it is at least possible to infer that solid growth in retail values might be a function of underlying volumes improving,…