Macro Releases: GBP/USD USD/CHF LIGHT/USD [Video]

GBP/USD: UK Retail Sales

The British pound appreciated against the US Dollar, following the United Kingdom Retail Sales release on Thursday at 08:30 GMT. The GBP/USD exchange currency rate gained 16 pips or 0.12% during a minute, right after the release. The rate continued trading at the 1.3190 level.

The Office for National Statistics released United Kingdom Retail Sales data that came out better-than-expected of 0.3%, compared to forecasted negative 0.2%.

Rhian Murphy, the senior statistician at the Office for National Statistics (ONS) commented: "Retail sales remained strong in the three months to August, with continued growth across all sectors. Food and household goods stores particularly benefitted from the warm weather when compared with last summer."

USD/CHF: Swiss Libor Rate

The US Dollar appreciated against the Swiss Franc, following the Swiss Libor Rate data release on Thursday at 07:30 GMT. The USD/CHF exchange currency rate gained 8 pips or 0.08% during a minute, right after the release to continue trading at the 0.9665 level.

The Swiss National Bank released Swiss Libor Rate data that came out in line with the expectations of negative 0.75%.

The central bank commented: "The situation on the foreign exchange market is still fragile,", adding that it's current policy remains "essential" to ease pressure on the currency.

GBP/USD: UK CPI

The British pound appreciated against the US Dollar, following the United Kingdom CPI data release on Wednesday at 08:30 GMT. The GBP/USD exchange currency rate gained 39 pips or 0.30% during a minute, right after the release. The rate continued trading at the 1.3181 level.

The Office for National Statistics released United Kingdom CPI data that came out better-than-expected of 2.7%, compared to forecasted 2.4%. The CPI data release is considered the UK's most important inflation data because it's used as the central bank's inflation target.

Mike Hardie, the ONS' head of inflation said in a statement :"Consumers paid more for theatre shows, sea fares and new season autumn clothing last month. However, mobile phone charges, and furniture and household goods had a downward effect on inflation,"

LIGHT/USD: US Crude Oil Inventories

Oil price have increased after US Crude Oil Inventories data release on Wednesday at 14:30 GMT. The one-minute candle gained 21 pips, or 0.30% right after the data release. The crude oil price kept increasing in next hours after the release to continue trading at 71.03 level.

The Energy Information Administration released the US Crude Inventories data that came out lower-than-expected of negative 2.1M, compare to forecasted negative 2.7M.

The United States crude oil price rose to a two-month high after the data release on Wednesday. The data release was bullish according to the market reaction putting the crude oil price above 70 cents per barrel.