- Retail sales of the United Kingdom increased an intermennsual 0.4% in March, a positive surprise.
- The basic retail sales of the United Kingdom jumped 0.5% in March.
- The GBP/USD maintains the range about 1,3280 after the optimistic data of the United Kingdom consumers.
The Retail sales of the United Kingdom rebounded 0.4% intermensual in March After moving 0.7% in February, according to the latest data published Friday by the National Statistics Office (ONS). The markets were waiting for a 0.4% drop in the informed month.
Underlying retail sales, excluding car fuel sales, increased an intermencing 0.5%, compared to the previous revised growth of 0.7% and the estimated reading of -0.3%.
Annual retail sales in the United Kingdom increased 2.6% in March compared to 2.2% in February, while basic retail sales also grew 3.3% in the same month compared to the previous review of 1.8%. Both readings exceeded market expectations.
Market reaction to the United Kingdom Retail Sales Report
He GBP/USD It is little impressed by the optimistic data of the United Kingdom, quoting 0.43% down in the day to 1,3280 at the time of writing.
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. The sterling pound was the weakest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.51% | 0.45% | 0.73% | 0.22% | 0.24% | 0.53% | 0.67% | |
| EUR | -0.51% | -0.08% | 0.24% | -0.31% | -0.27% | 0.01% | 0.14% | |
| GBP | -0.45% | 0.08% | 0.31% | -0.22% | -0.21% | 0.08% | 0.18% | |
| JPY | -0.73% | -0.24% | -0.31% | -0.52% | -0.51% | -0.25% | -0.12% | |
| CAD | -0.22% | 0.31% | 0.22% | 0.52% | -0.07% | 0.30% | 0.41% | |
| Aud | -0.24% | 0.27% | 0.21% | 0.51% | 0.07% | 0.29% | 0.39% | |
| NZD | -0.53% | -0.01% | -0.08% | 0.25% | -0.30% | -0.29% | 0.11% | |
| CHF | -0.67% | -0.14% | -0.18% | 0.12% | -0.41% | -0.39% | -0.11% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
