GBP/USD: UK Retail Sales

The British Pound traded sideways against the US Dollar, following the UK Retail Sales data release on Thursday at 08:30 GMT. The GBP/USD exchange currency rate gained 8 pips or 0.06% right after the release. The British Pound continued trading at the 1.2810 level against the Canadian Dollar.

The Office for National Statistics released the UK Retail Sales data, which came out better-than-expected of 0.0% compared to the forecast of negative 0.1%.

According to the official release: "In the three months to September 2019, moderate growth in the quantity bought continued at 0.6% when compared with the previous three months, with all sectors within non-food stores reporting declines except "other stores". The quantity bought was flat (0.0%) in September 2019 when compared with the previous month, following a fall of 0.3% in August 2019."