UK CBI Retail Sales drop to -5 in June vs. -1 previous

Dhwani Mehta FXStreet

The Confederation of British Industry's (CBI) latest Distributive Trades Survey showed on Thursday, the UK’s Retail Sales Balance dropped to -5 in June versus May’s -1 print.

Additional details

June Retail Sales 3-month average -14 vs. May -9, lowest in more than a year.

Retail Sales balance for the time of year -19 in June vs. 0 in May.

Market reaction

GBP/USD is trading around 1.2200, consolidating the recovery induced by the upbeat UK Services PMI. Bulls remain wary amid broad risk-aversion and a stronger US dollar.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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