The typical/expected impact on GBP pairs is high.
The consensus forecast for Retail Sales (MoM) is -0.3%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The trading range of GBPUSD was 22 pips following the most recent Retail Sales (MoM).
The most recent announced value for Retail Sales (MoM) was 1.7% against a forecast of 0.3%.
Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next Retail Sales (MoM) result:
Country: | United Kingdom |
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Currency: | GBP |
Source: | Office for National Statistics |
Category: | Consumption |
Frequency: | Monthly |