The British Pound traded sideways against the US Dollar, following the UK Retail Sales data release on Friday at 06:00 GMT. The GBP/USD exchange currency rate lost 1 pips or 0.01% after the release. The Pound continued trading at the 1.2970 level against the Greenback after the release.
The Office for National Statistics released the UK Retail Sales data, which came in line with the expectations of 0.08%.
According to the official release: "In August, there was a mixed picture within the different store types as non-store retailing volumes were 38.9% above February, while clothing stores were still 15.9% below February's pre-pandemic levels. Spending for home improvements continued to rise in August as sales volumes within household goods stores increased by 9.9% when compared with February. Online retail sales fell by 2.5% in August when compared with July, but the strong growth experienced over the pandemic has meant that sales were still 46.8% higher than February's pre-pandemic levels."
| Date | 22.05.20 | 19.06.20 | 24.07.20 | 21.08.20 | 18.09.20 |
|---|---|---|---|---|---|
| Actual | -18.1% | 12.0% | 13.9% | 3.6% | 0.8% |
| Forecast | -15.8% | 6.3% | 8.3% | 2.0% | 0.8% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.91421 | 0.9141 | -0.01% |
| GBP/CAD | 1.70632 | 1.70666 | 0.02% |
| GBP/JPY | 135.91100 | 135.904 | -0.01% |
| GBP/USD | 1.29689 | 1.2969 | 0.00% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 37.0% | 63.0% |
| GBP/CAD | 71.6% | 28.4% |
| GBP/JPY | 48.8% | 51.2% |
| GBP/USD | 51.5% | 48.5% |
Economic calendar