U.K. Retail Sales Data

• Core retail sales index (m/m) (October), fact -0.3%, forecast 0.2%.
• Core retail sales index (y/y) (October), fact 2.7%, forecast 3.4%.
• Retail sales (m/m) (oct), fact -0.1%, forecast 0.2%.
• Retail sales (y/y) (oct), fact 3.1%, forecast 3.7%.

U.K. retail sales fell in October, after rising a month earlier. Despite the preservation of the downward dynamics of this indicator, this decrease remains above the minimum annual value. This indicates a moderate slowdown in UK sales.

Fig. 1. U.K. Core Retail Sales Index Chart

The British pound actually reacted with restrained growth to weak data. Since the overall value of sales in a slowdown in the economy remains very positive. The GBP/USD pair maintains lateral dynamics on the weakness of the US dollar, limiting itself to the side channel from 1.2880-1.2900 to 1.2820-00.

Fig. 2. GBP/USD chart

Read also: “The risks of the trade war are back”

Hanzenko Anton

---

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. What does the decline in active drilling rigs in the USA indicate?
2. The U.S.-China trade agreement news
3. The trade war risks are coming back

Current Investment ideas:

1. Several reasons to buy Cisco Systems, Inc. shares in October. Let’s earn Together!