Read more
7:03 AM · 16 February 2024

BREAKING: GBP surges after strong retail sales data

GBP/USD
Forex
-
-

UK retail sales data for January was released today at 7:00 am GMT. Report was expected to show a solid month-over-month increase in headline and core retail sales, following a drop in December. Report turned out to be a huge positive surprise as it showed not only month-over-month increases but also unexpected year-over-year increases. This was the biggest monthly increase in UK retail sales since April 2021.

Release triggered a spike on GBP market with GBPUSD jumping from around 1.2580 to over 1.2600.

UK, retail sales for January

  • Headline (monthly): 3.4% MoM vs 1.5% MoM expected (-3.2% MoM previously)
  • Headline (annual): 0.7% YoY vs -1.4% YoY expected (-2.4% YoY previously)
  • Core (monthly): 3.2% MoM vs 1.7% MoM expected (-3.3% MoM previously)
  • Core (annual): 0.7% YoY vs -1.5% YoY expected (-2.1% YoY previously)

Source: xStation5
 

21 November 2025, 7:26 AM

​​​​​​​Economic calendar: A full day of key data and policymakers' speeches (21.11.2025)

20 November 2025, 1:32 PM

BREAKING: Philly Fed lower than expected, manufacturing weakens but outlook improves 📌

20 November 2025, 8:07 AM

BREAKING: German PPI slightly above expectations!

20 November 2025, 7:52 AM

​​​​​​​Economic calendar: delayed NFP report and speeches from Fed officials 👀

Join over 2 000 000 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