TRENDING:

GBP/USD

XAU/USD

UK Retail Sales prints 0% MoM in March vs. 0.3% expected

The UK Retail Sales arrived at 0% MoM in March, miss estimates.
Core Retail Sales for the UK drops 0.3% MoM in March.
GBP/USD stays weak near 1.2400 after mixed UK data.

Dhwani Mehta FXStreet

The UK Retail Sales came in at 0% over the month in March vs. 0.3% expected and 0.1% in February, the latest data published by the Office for National Statistics (ONS) showed Friday.

The Core Retail Sales, stripping the auto motor fuel sales, dropped by 0.3% MoM, compared with a 0.3% growth in February.

The annual Retail Sales in the United Kingdom rebounded by 0.8% in March versus February’s -0.3% while the Core Retail Sales increased by 0.4% in the reported month versus -0.4% previous.

Market reaction to UK Retail Sales report

GBP/USD maintains the offered near 1.2400 after the UK Retail Sales data. The spot is trading 0.22% lower on the day.

Pound Sterling price today

The table below shows the percentage change of Pound Sterling (GBP) against listed major currencies today. Pound Sterling was the weakest against the Swiss Franc.

USD

EUR

GBP

CAD

AUD

JPY

NZD

CHF

USD

0.13%

0.25%

0.13%

0.46%

-0.20%

0.42%

-0.49%

EUR

-0.13%

0.13%

0.00%

0.33%

-0.31%

0.29%

-0.54%

GBP

-0.25%

-0.13%

-0.12%

0.21%

-0.44%

0.17%

-0.67%

CAD

-0.13%

0.00%

0.12%

0.33%

-0.32%

0.29%

-0.54%

AUD

-0.46%

-0.33%

-0.17%

-0.33%

-0.65%

-0.03%

-0.87%

JPY

0.18%

0.33%

0.42%

0.31%

0.65%

0.60%

-0.22%

NZD

-0.41%

-0.28%

-0.15%

-0.28%

0.05%

-0.61%

-0.82%

CHF

0.40%

0.53%

0.66%

0.53%

0.86%

0.21%

0.82%

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 Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (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.

EUR/USD remains offered near 1.1650

EUR/USD rapidly left behind Monday’s optimism, slipping back to the mid-1.1600s amid the intense recovery in the Greenback. US inflation data remained well above the Fed’s target in December, although consumer prices lost some momentum, reinforcing the view of further Fed rate cuts in the upcoming months.

GBP/USD attempts some consolidation around 1.3430

GBP/USD trades on the back foot at the end of the NA session on Tuesday, hovering around the 1.3430 zone against the backdrop of the resumption of the buying interest in the Greenback. Moving forward, the BoE’s Taylor and Ramsden are due to speak on Wednesday.

Gold rises above $4,600 on US rate cut expectations, Fed uncertainty

Gold price rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data. Traders will take more cues from the US Retail Sales and Producer Price Index data later in the day.