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UK DATA: Retail sales better than expected; but should have little impact on MPC

UK DATA
CEEMEAData BulletBulletUKGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Retail sales better than exp with some supermarkets and retailers reporting a boost because of warmer weather and end-of-season sales.

  • GBPUSD jumped around 17 pips back above 1.33 to hit an intraday high of 1.3313 (1 pip below yesterday's high). Now around 5 pips lower than that at writing.
  • This is a decent print but shouldn't really change the opinion of any MPC member (particularly due to the volatility of this release).
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Retail sales better than exp with some supermarkets and retailers reporting a boost because of warmer weather and end-of-season sales.

  • GBPUSD jumped around 17 pips back above 1.33 to hit an intraday high of 1.3313 (1 pip below yesterday's high). Now around 5 pips lower than that at writing.
  • This is a decent print but shouldn't really change the opinion of any MPC member (particularly due to the volatility of this release).