7:03 AM · 21 June 2024

BREAKING: GBP jumps after solid UK retail sales data

GBP/USD
Forex
-
-

UK retail sales data for May wsa released this morning at 7:00 am BST. Report was expected to show monthly increases in headline and core retail sales, as well as smaller year-over-year declines. 

Actual data turned out to be a big positive surprise, with monthly headline and core retail sales rising much more than expected. Moreover, both headline and core measures showed unexpected increases on an annual basis.

GBP jumped following the release, although part of a knee-jerk move has been erased already. GBPUSD jumped around 0.1% and reached a daily high near 1.2672.

UK, retail sales for May

  • Headline (annual): +1.3% YoY vs -0.9% YoY expected (-2.7% YoY previously)
  • Headline (monthly): +2.9% MoM vs +1.4% MoM expected (-2.3% MoM previously)
  • Core (annual): +1.2% YoY vs -0.7% YoY expected (-3.0% YoY previously)
  • Core (monthly): +2.9% MoM vs +1.8% MoM expected (-2.0% MoM previously)

Source: xStation5

 

17 October 2025, 12:37 PM

The AI Fever: Bubble or Will It Keep Rising?

17 October 2025, 10:01 AM

BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher

17 October 2025, 7:47 AM

Economic calendar: Eurozone inflation at the week’s close

17 October 2025, 7:10 AM

BREAKING: Sweden's Unemployment Rate Slightly Decreases

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits