The British Pound appreciated against the US Dollar, following the UK Retail Sales release on Thursday at 09:30 GMT. The GBP/USD exchange currency rate gained 11 pips or 0.08% after the release. The Pound continued trading at the 1.2910 level against the Greenback after the release.
The Office for National Statistics released the UK CPI data, which came out better-than-expected of 0.9% compared with the forecast of 0.7%.
According to the official release: "Retail volumes increased by 0.9% in January 2020, recovering from the falls in the previous two months; the increase was mainly because of moderate growth in both food stores (1.7%) and non-food stores (1.3%)."
| Date | 17.10.19 | 14.11.19 | 19.12.19 | 17.01.20 | 20.02.20 |
|---|---|---|---|---|---|
| Actual | 0.0% | -0.1% | -0.6% | -0.6% | 0.9% |
| Forecast | -0.1% | 0.2% | 0.3% | 0.5% | 0.7% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.83692 | 0.83641 | -0.06% |
| GBP/CAD | 1.71162 | 1.71179 | 0.01% |
| GBP/JPY | 144.36800 | 144.442 | 0.05% |
| GBP/USD | 1.29117 | 1.29171 | 0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 60.3% | 39.7% |
| GBP/CAD | 46.4% | 53.6% |
| GBP/JPY | 52.5% | 47.5% |
| GBP/USD | 51.5% | 48.5% |
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