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GBPUSD gains after strong retail sales

8:21 AM 24 March 2023

GBPUSD pair gains on wave of very strong UK retail sales data. 

UK Retail Sales (M/M) February: 1.2% (forecast 0.2%; previously 0.9%)  
- Retail sales excluding autos (M/M) February: 1.5% (forecast 0.2%; earlier 0.9%)  
- Retail sales (y/y) February: -3.5% (forecast -4.7%; prior -5.2%)  
- Retail sales excluding autos (Y/Y) February: -3.3% (forecast -4.8%; prior -5.4%)

Source: ONSThe currency pair gained briefly after the data reading. Source: xStation 5

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