Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The typical/expected impact on GBP pairs is medium.
The consensus forecast for Retail Sales ex-Fuel (YoY) is 0.5%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for Retail Sales ex-Fuel (YoY) was 2.9% against a forecast of 3.6%.
Recent economic data has been moderately bullish for GBP. Other recent announcements which may affect the market's interpretation of the next Retail Sales ex-Fuel (YoY) result:
Country: | United Kingdom |
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Currency: | GBP |
Source: | Office for National Statistics |
Category: | Consumption |
Frequency: | Monthly |