The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 8:30 GMT. The GBP/USD exchange currency rate gained 16 pips or 0.13% right after the release. The British Pound continued trading at the 1.3010 level against the US Dollar.
Office for National Statistics released the UK Retail Sales data that came out better-than-expected of 1.1% compared with forecast –0.3%.
According to analysts, the unexpected increase in the UK retail sales was driven by Brexit uncertainty. It is likely, that consumers are undisturbed by the UK departure from the EU bloc. Consumers have supported the UK economic growth since the referendum.
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| Date | 15.11.18 | 20.12.18 | 18.01.19 | 15.02.19 | 18.04.19 |
|---|---|---|---|---|---|
| Actual | -0.5% | 1.4% | -0.9% | 1.0% | 1.1% |
| Forecast | 0.2% | 0.3% | -0.8% | 0.2% | -0.3% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.86453 | 0.86417 | -0.04% |
| GBP/CAD | 1.73974 | 1.74047 | 0.04% |
| GBP/JPY | 145.59200 | 145.674 | 0.06% |
| GBP/USD | 1.3017 | 1.30247 | 0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 50.9% | 49.1% |
| GBP/CAD | 47.0% | 53.0% |
| GBP/JPY | 43.3% | 56.7% |
| GBP/USD | 56.9% | 43.1% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | CPI q/q | - | 0.5% |
| 14:00 | CAD | Overnight Rate | 1.75% | 1.75% |
| 14:30 | USD | Crude Oil Inventories | - | -1.4M |