UK Retail Sales rebound 0.5% MoM in July, as expected
- The UK Retail Sales jumped 0.5% MoM in July, meeting estimates.
- Monthly Core Retail Sales for the UK rebounded 0.7% in July.
- GBP/USD stays unfazed toward 1.2900 after mixed UK data.
The United Kingdom (UK) Retail Sales rebounded 0.5% over the month in July after dropping 1.2% in June, the latest data published by the Office for National Statistics (ONS) showed Friday. Data matched the market expectations of a 0.5% increase in the reported month.
The Core Retail Sales, stripping the auto motor fuel sales, jumped 0.7% MoM, against the previous decline of 1.3% and the estimated 0.8% reading.
The annual Retail Sales in the UK climbed by 1.4% in July versus June’s 0.3% fall while the Core Retail Sales increased by 1.4% in the same month versus -0.8% previous. Both figures aligned with the market forecast.
Market reaction to UK Retail Sales report
GBP/USD is unperturbed by the mixed UK data release, 0.26% higher on the day near 1.2885, 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 US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.11% | -0.21% | -0.24% | -0.07% | -0.25% | -0.44% | -0.16% | |
| EUR | 0.11% | -0.11% | -0.15% | 0.03% | -0.17% | -0.46% | -0.03% | |
| GBP | 0.21% | 0.11% | -0.06% | 0.14% | -0.06% | -0.34% | 0.06% | |
| JPY | 0.24% | 0.15% | 0.06% | 0.23% | -0.01% | -0.31% | 0.09% | |
| CAD | 0.07% | -0.03% | -0.14% | -0.23% | -0.20% | -0.51% | -0.09% | |
| AUD | 0.25% | 0.17% | 0.06% | 0.01% | 0.20% | -0.29% | 0.11% | |
| NZD | 0.44% | 0.46% | 0.34% | 0.31% | 0.51% | 0.29% | 0.42% | |
| CHF | 0.16% | 0.03% | -0.06% | -0.09% | 0.09% | -0.11% | -0.42% |
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.
