Read more
6:01 AM · 20 September 2024

BREAKING: UK retail sales higher than expected; GBPUSD gains 📌

GBP/USD
Forex
-
-

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.

7 November 2025, 3:01 PM

BREAKING: University of Michigan sentiment declines! 📉

7 November 2025, 7:16 AM

Germany's exports and imports rise above expectations

7 November 2025, 6:56 AM

Economic calendar: Canadian labor market data and FED speakers 🔎

7 November 2025, 6:41 AM

Morning wrap (07.11.2025)

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