UK Retail Sales drop 2.3% MoM in April vs. -0.4% expected
|- The UK Retail Sales came in at -2.3% MoM in April, a big miss.
- Core Retail Sales for the UK dropped 2.0% MoM in April.
- GBP/USD extends losses below 1.2700 after dismal UK data.
The UK Retail Sales dropped 2.3% over the month in April vs. -0.4% expected and -0.2% in March, the latest data published by the Office for National Statistics (ONS) showed Friday.
The Core Retail Sales, stripping the auto motor fuel sales, fell 2.0% MoM, compared to a 0.6% decline in March and the market forecast of -0.6%.
The annual Retail Sales in the United Kingdom decreased by 2.7% in April versus March’s 0.4% while the Core Retail Sales declined by 3.0% in the reported month versus 0% previous. Both figures fell short of expectations.
Market reaction to UK Retail Sales report
GBP/USD sees fresh offers on the poor UK data release, down 0.7% on the day to trade near 1.2685, 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 | 0.03% | 0.03% | 0.11% | 0.03% | 0.08% | 0.07% | 0.10% | |
| EUR | -0.03% | 0.02% | 0.05% | -0.02% | 0.05% | 0.04% | 0.09% | |
| GBP | -0.03% | -0.02% | 0.02% | -0.04% | 0.05% | 0.02% | 0.05% | |
| JPY | -0.11% | -0.05% | -0.02% | -0.06% | -0.03% | -0.03% | -0.01% | |
| CAD | -0.03% | 0.02% | 0.04% | 0.06% | 0.04% | 0.04% | 0.07% | |
| AUD | -0.08% | -0.05% | -0.05% | 0.03% | -0.04% | -0.02% | 0.02% | |
| NZD | -0.07% | -0.04% | -0.02% | 0.03% | -0.04% | 0.02% | 0.03% | |
| CHF | -0.10% | -0.09% | -0.05% | 0.00% | -0.07% | -0.02% | -0.03% |
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).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.