The volume of UK retail sales! Do not miss!
Dear traders,
In an hour, at 11:30 (Kiev), the volume of UK retail sales will be released.
The leading analyst of Ester Company A. Sivtsov writes:
“Retail sales are an important indicator of consumer spending. Also, it characterizes consumer confidence and is seen as an indicator of the pace of the UK economic growth.
- “According to the forecast, retail sales decreased by -0.1% in September, against the growth of 1.0% in the previous month, at an annual rate of 2.1%, which is lower than the previous value of 2.4%.
- The base retail sales index will grow by 0.1% in September, against the value of August at the level of 1.0%, in annual terms the indicator will be 2.4%, which is lower than the previous value at 2.8%.
The release of data within the forecast will put pressure on the pound, against which one should expect the decline of the British currency within 50-60 points against the competitors. Also, the decline in these indicators will signal that the growth in inflation rates has a negative impact on the development of the UK economy.”
Carefully follow the news in the ANALYTICS section – keep abreast of the events on the world market!
We remind you that you can always get acquainted with upcoming news in the Economic Calendar, as well as in the daily market review on our official YouTube channel.
Hotline +448 000 698 464