UK Retail Sales drop 1.2% MoM in June vs. -0.4% expected
- The UK Retail Sales dropped 1.2% MoM in June, a big beat.
- Monthly Core Retail Sales for the UK fell 1.5% in June.
- GBP/USD stays defensive below 1.2950 after downbeat UK data.
The United Kingdom (UK) Retail Sales dropped 1.2% over the month in June after rebounding 2.9% in May, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets projected a 0.4% decline in the reported month.
The Core Retail Sales, stripping the auto motor fuel sales, declined by 1.5% MoM, against the previous jump of 2.9% and the estimated -0.5% print.
The annual Retail Sales in the UK dipped by 0.2% in June versus May’s 1.3% growth while the Core Retail Sales decreased by 0.8% in the same month versus +1.2% previous. Both figures fell short of expectations.
Market reaction to UK Retail Sales report
GBP/USD is unmoved by the downbeat UK data release, modestly flat on the day near 1.2935, 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 Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | 0.06% | 0.25% | 0.00% | 0.08% | 0.22% | 0.17% | |
| EUR | -0.07% | -0.01% | 0.17% | -0.10% | 0.00% | 0.16% | 0.11% | |
| GBP | -0.06% | 0.00% | 0.02% | -0.09% | 0.02% | 0.18% | 0.11% | |
| JPY | -0.25% | -0.17% | -0.02% | -0.25% | -0.15% | -0.00% | -0.06% | |
| CAD | -0.00% | 0.10% | 0.09% | 0.25% | 0.08% | 0.24% | 0.17% | |
| AUD | -0.08% | -0.01% | -0.02% | 0.15% | -0.08% | 0.15% | 0.09% | |
| NZD | -0.22% | -0.16% | -0.18% | 0.00% | -0.24% | -0.15% | -0.07% | |
| CHF | -0.17% | -0.11% | -0.11% | 0.06% | -0.17% | -0.09% | 0.07% |
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).
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.
