UK Retail Sales differ from forecasts

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The market consensus forecast for the UK Retail Sales was that the sales would show a decline of -0.4% on a month-on-month basis. However, analysts were surprised that the data revealed an increase of 0.3%.

The news caused a surge of the Pound against peer currencies. During the surge, the GBP/USD currency pair jumped 47 base points, or 0.36%.
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