GBP/USD: UK Retail Sales

Source: Dukascopy Bank SA

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The British Pound fluctuated against the US Dollar after the UK retail sales report, falling initially by 4 base points to the 1.3916 mark. The GBP/USD exchange rate briefly touched the 1.3945 level remaining in the bearish trend.

Britain's shop sales depreciated by more than anticipated in December, confirming the weakest yearly growth in retail in four years, as consumer spending remained limited due to Brexit-hit prices. The Office for National Statistics revealed that the volume of retail sales fell 1.5% from November, reversing a 1.0% increase registered in the prior month. Meanwhile, the Bank of England anticipated the squeeze on consumers to ease this year, as inflation calms down and pay growth accelerates.

Historical Data Table:  UK Retail Sales Economic Calendar for 22.01.2017
           
Date 20.09.2017  19.10.2017  16.11.2017  14.12.2017  19.01.2018 9:00 AM Greece Current Account
Actual 1.0% -0.8% 0.3% 1.1% -1.5% 11:00 AM German Buba Monthly Report
Forecast 0.2% -0.1% 0.1% 0.4% -0.1% 1:30 PM Canadian Wholesale Sales
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
GBP/USD 1.39204 1.39161 -0.03% GBP/USD 42.14% 57.86%
EUR/GBP 0.88228 0.88251 0.03% EUR/GBP 26.06% 73.94%
GBP/CAD 1.72665 1.72632 -0.02% GBP/CAD 58.38% 41.62%
GBP/JPY 153.955 153.915 -0.03% GBP/JPY 26.38% 73.62%

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