1:33 PM · 15 June 2022

BREAKING: US dollar sees little reaction to downbeat retail sales data

US retail sales data for May was released at 1:30 pm BST. Report turned out to be weaker than expected but it did not trigger any major moves on the markets. Highlights of the report:

• Headline: -0.3% MoM vs 0.2% MoM expected (0.9% MoM previous)

• Ex-autos: 0.5% MoM vs 0.8% MoM expected (0.6% MoM previous)

EURUSD saw a relatively small reaction to today’s release. The most popular currency pair continued to trade around 1.0430 level. Source: xStation5

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BoE keeps rates unchanged and issues a dovish statement, thereby weakening the GBP⬇️

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