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6:01 AM ยท 20 September 2024

BREAKING: UK retail sales higher than expected; GBPUSD gains ๐Ÿ“Œ

GBP/USD
Forex
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07:00 AM BST, United Kingdom - Retail Sales Data for August:

  • Retail Sales: actual 1% MoM; forecast 0.4% MoM; previous 0.5% MoM;

  • Retail Sales: actual 2.5% YoY; forecast 1.3% YoY; previous 1.4% YoY;

  • Core Retail Sales: actual 1.1% MoM; forecast 0.5% MoM; previous 0.7% MoM;

  • Core Retail Sales: actual 2.3% YoY; forecast 1.1% YoY; previous 1.4% YoY;

 

Stronger-than-expected retail sales data might be another argument for the BoE's decision to hold rates. This could help further strengthen the British pound against the dollar. Some reports from the UK also show signs of discretionary spending being under pressure.

On the news GBPUSD is up amost 0.2% and is currently approaching levels last seen at the begining of 2022. RSI is sligthly diverging bearish from 7 am high yesterday, which might potentially give a signal of trend reversal.

12 December 2025, 7:05 AM

BREAKING: UK GDP and manufacturing lower than expected ๐Ÿ“‰Final German CPI in line with expectations

12 December 2025, 6:54 AM

Morning wrap (12.12.2025)

11 December 2025, 3:10 PM

BREAKING: US wholesale sales lower than expected

11 December 2025, 1:33 PM

BREAKING: US jobless claims above expectations๐Ÿ—ฝ

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