Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for Retail Sales ex-Fuel (MoM) was 0.5% against a forecast of -0.3%.
Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next Retail Sales ex-Fuel (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
BoE MPC Vote Rate Cut | Bearish change | 1 | 7 | ||
BoE MPC Vote Rate Hike | (no change) | 0 | 0 | ||
Retail Sales (MoM) | Bearish change | 0.7% | 0.4% | ||
Retail Sales (YoY) | Bullish change | 2.2% | 2.6% | ||
Retail Sales ex-Fuel (YoY) | Bullish change | 1.8% | 3.3% |
Country: | United Kingdom |
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Currency: | GBP |
Source: | Office for National Statistics |
Category: | Consumption |
Frequency: | Monthly |