UK Retail Sales rebound 0.9% MoM in June vs. 1.2% expected
The United Kingdom (UK) Retail Sales jumped 0.9% month-over-month (MoM) in June after declining 2.8% in May (revised from -2.7%), according to the latest data published by the Office for National Statistics (ONS) on Friday.
Markets projected a 1.2% rebound in the reported month.
The core Retail Sales, stripping the auto motor fuel sales, climbed 0.6% MoM, compared with the previous revised drop of 2.9% and the expected 1.2% growth.
The annual Retail Sales in the UK jumped 1.7% in June versus May’s -1.1% revision, while the core Retail Sales also grew 1.8% in the same month versus a -1.2% previous revision.
Both readings fell short of the market expectations.
Market reaction to the UK Retail Sales report
GBP/USD shows little reaction to the downbeat UK data, losing 0.16% on the day at 1.3495, 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 Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.01% | 0.12% | -0.04% | 0.10% | 0.27% | 0.03% | 0.05% | |
| EUR | 0.00% | 0.17% | -0.05% | 0.13% | 0.18% | 0.04% | 0.05% | |
| GBP | -0.12% | -0.17% | -0.20% | -0.05% | 0.01% | -0.10% | -0.11% | |
| JPY | 0.04% | 0.05% | 0.20% | 0.14% | 0.25% | 0.08% | 0.09% | |
| CAD | -0.10% | -0.13% | 0.05% | -0.14% | 0.20% | -0.07% | -0.08% | |
| AUD | -0.27% | -0.18% | -0.01% | -0.25% | -0.20% | -0.14% | -0.11% | |
| NZD | -0.03% | -0.04% | 0.10% | -0.08% | 0.07% | 0.14% | 0.02% | |
| CHF | -0.05% | -0.05% | 0.11% | -0.09% | 0.08% | 0.11% | -0.02% |
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.
