UK Retail Sales unexpectedly drop 0.3% MoM in December vs. +0.4% expected
|- The UK Retail Sales fell 0.3% MoM in December, a negative surprise.
- Monthly core Retail Sales for the UK declined 0.6% in December.
- GBP/USD gives up 1.2200 after downbeat UK consumer data.
The United Kingdom (UK) Retail Sales decreased at a monthly pace of 0.3% in December after growing 0.1% in November, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.4% increase in the reported month.
The core Retail Sales, stripping the auto motor fuel sales, dropped by 0.6% MoM, against the previous growth of 0.1% and the estimated 0.1% figure.
The annual Retail Sales in the UK climbed 3.6% in December versus November’s 0%, while the core Retail Sales advanced 2.9% in the same month versus -0.5% previous. Both readings fell short of market expectations.
Market reaction to UK Retail Sales report
GBP/USD is meeting fresh supply following the disappointing UK data, falling 0.41% on the day to near 1.2190 as of writing.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.13% | 0.35% | 0.23% | 0.07% | 0.11% | 0.29% | 0.10% | |
| EUR | -0.13% | 0.22% | 0.14% | -0.06% | -0.02% | 0.17% | -0.03% | |
| GBP | -0.35% | -0.22% | -0.09% | -0.27% | -0.23% | -0.05% | -0.24% | |
| JPY | -0.23% | -0.14% | 0.09% | -0.14% | -0.12% | 0.07% | -0.12% | |
| CAD | -0.07% | 0.06% | 0.27% | 0.14% | 0.03% | 0.22% | 0.03% | |
| AUD | -0.11% | 0.02% | 0.23% | 0.12% | -0.03% | 0.18% | -0.03% | |
| NZD | -0.29% | -0.17% | 0.05% | -0.07% | -0.22% | -0.18% | -0.19% | |
| CHF | -0.10% | 0.03% | 0.24% | 0.12% | -0.03% | 0.03% | 0.19% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.