U.K. Retail Sales - Ester Holdings
|

U.K. Retail Sales

  • Core Retail Sales (y/y) (Jan) 4.1% 3.0% 2.9%
  • Core Retail Sales (m/m) (Jan) 1.2% 0.2% -1.0%
  • Retail Sales (y/y) (Jan) 4.2% 3.4% 3.1%
  • Retail Sales (m/m) (Jan) 1.0% 0.2%

The UK retail sales report for January exceeded all market expectations. This report unexpectedly showed sales growth in January, which updated the annual highs on a monthly basis more modest, while maintaining multidirectional dynamics, which shifted to growth.

Fig. 1. U.K. Retail Sales (m/m) 

The GBP/USD pair remains limited by the risks of the Brexit agreement and the general geopolitical risks despite the optimistic data. As a result, this positive statistics may cause a moderate growth of the British for correction after a decline. Support levels are: 1.2770 and 1.2750, resistance: 1.2850 and 1.2880.

Fig. 2. GBP/USD chart. Current price – 1.2805

Read also: “Correlation Strategy for Forex Trading”

Hanzenko Anton

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

Topical articles of the trader’s blog:

  1. Gold. Expectations for February and March 2019
  2. Features of trading within a week
  3. The political crisis in Venezuela and its impact on the markets!

Current Investment ideas:

  1. Ready instruction to income! Earn with #CAT!
  2. Aerospace Corporation brings a cosmic income!

Аналитическая рассылка

分析 交貨
签署每日早晨分析报告,首先了解最重要的市场活动!

Вы с украины?