UK Retail Sales rise 1.0% MoM in August vs. 0.4% expected
- The UK Retail Sales rose 1.0% MoM in August, beat estimates.
- Monthly core Retail Sales for the UK advanced 1.1% in August.
- GBP/USD regains 1.3300 after upbeat UK data.
The United Kingdom (UK) Retail Sales increased 1.0% over the month in August after rebounding 0.5% in July, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.4% growth in the reported month.
The core Retail Sales, stripping the auto motor fuel sales, rose 1.1% MoM, against the previous jump of 0.7% and the forecast of 0.5%.
The annual Retail Sales in the UK edged higher by 2.5% in August versus July’s 1.5% rise while the core Retail Sales advanced 2.3% in the same month versus 1.4% previous. Both figures outpaced market expectations.
Market reaction to UK Retail Sales report
GBP/USD is picking up fresh bids following the encouraging UK data release, 0.18% higher on the day near 1.3310, 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 strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.05% | -0.17% | -0.31% | 0.00% | -0.04% | -0.12% | -0.20% | |
| EUR | 0.05% | -0.13% | -0.24% | 0.04% | -0.00% | -0.06% | -0.15% | |
| GBP | 0.17% | 0.13% | -0.09% | 0.20% | 0.15% | 0.08% | 0.00% | |
| JPY | 0.31% | 0.24% | 0.09% | 0.32% | 0.26% | 0.18% | 0.12% | |
| CAD | -0.01% | -0.04% | -0.20% | -0.32% | -0.06% | -0.12% | -0.19% | |
| AUD | 0.04% | 0.00% | -0.15% | -0.26% | 0.06% | -0.05% | -0.13% | |
| NZD | 0.12% | 0.06% | -0.08% | -0.18% | 0.12% | 0.05% | -0.07% | |
| CHF | 0.20% | 0.15% | -0.01% | -0.12% | 0.19% | 0.13% | 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.
