The British Pound traded sideways against the US Dollar, following the UK Retail Sales data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate lost 5 pips or 0.04% right after the release. The British Pound continued trading at the 1.2690 level against the Greenback.
Office for National Statistics released the UK Retail Sales data, which came out better-than-expected of 0.00% compared with forecast –0.1%.
According to the official release: "In the three months to April 2019, the quantity of goods bought (volume) in retail sales increased by 1.8% when compared with the previous three months, with strong growth in non-store retailing, which reached a record high of 9.4%."
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| Date | 20.12.18 | 18.01.19 | 15.02.19 | 18.04.19 | 24.05.19 |
|---|---|---|---|---|---|
| Actual | 1.4% | -0.9% | 1.0% | 1.1% | 0.0% |
| Forecast | 0.3% | -0.8% | 0.2% | -0.3% | -0.1% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.88319 | 0.88298 | -0.02% |
| GBP/CAD | 1.70533 | 1.70533 | 0.00% |
| GBP/JPY | 138.83300 | 138.847 | 0.01% |
| GBP/USD | 1.2676 | 1.26769 | 0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 29.3% | 70.7% |
| GBP/CAD | 68.7% | 31.3% |
| GBP/JPY | 70.2% | 29.8% |
| GBP/USD | 71.2% | 28.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| Tentative | GBP | Inflation Report Hearings | - | - |
| 14:00 | USD | CB Consumer Confidence | 130.0 | 129.2 |
| 21:00 | NZD | RBNZ Financial Stability Report | - | - |