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Initially, the British Pound rose against the US Dollar despite lower-than-expected UK retail sales data, growing 11 base points to the 1.4118 mark. However, the GBP/USD pair went towards anticipated direction remaining in the short-term bearish trend.
Britain's shop sales appreciated less than anticipated in January, confirming the cautiousness of consumer spending in the reported period. The Office for National Statistics revealed that the volume of retail sales increased only 0.1%, following the revised drop of 1.4% in the prior month. However, the increase was brought by declines in all leading sectors with an exeption of non-food stores, which was associated with "getting fit" New Year's resolutions increasing the sales.
| Historical Data Table: UK Retail Sales | Economic Calendar for 19.02.2018 | ||||||||
| Date | 19.10.2017 | 16.11.2017 | 14.12.2017 | 19.01.2018 | 16.02.2018 | 9:45 PM | NZ PPI Input q/q | ||
| Actual | -0.80% | 0.30% | 1.10% | -1.40% | 0.10% | 9:45 PM | NZ PPI Output q/q | ||
| Forecast | -0.10% | 0.10% | 0.40% | -0.80% | 0.50% | 10:15 PM | RBA Assist Gov Bullock Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.41074 | 1.41187 | 0.08% | GBP/USD | 47.17% | 52.83% | |||
| EUR/GBP | 0.8883 | 0.88763 | -0.08% | EUR/GBP | 46.81% | 53.19% | |||
| GBP/CAD | 1.75729 | 1.75873 | 0.08% | GBP/CAD | 42.70% | 57.30% | |||
| GBP/JPY | 149.519 | 149.639 | 0.08% | GBP/JPY | 49.39% | 50.61% | |||