UK retail sales »

  • XM Markets UUIIFXBR

    Sterling received a boost after stronger-than-expected UK retail sales numbers for February. According to a report released by the Office for National Statistics (ONS) on Thursday, sales volumes rose 5.7% year-on-year. The prior 5.4% figure was revised up to 5.9%. Most economists expected retail sales to rise just 4.7% on the year. Meanwhile, on a month-on-month basis, retail sales rose 0.7% versus

  • H.S. Borji

    The British pound rebounded against the US dollar Thursday, partially erasing the previous day’s sharp retreat, as UK retail sales surged in November in the latest sign the consumer-led recovery was on track. The GBPUSD jumped more than 100 pips to reach an intraday high of 1.5674. It would subsequently consolidate at 1.5666, advancing 0.64

  • H.S. Borji

    The British pound declined against its US counterpart Thursday, falling off a fresh two-week high as the greenback reasserted its dominance amid a dearth of economic data. The GBPUSD fell below the 1.5800 handle, touching an intraday low of 1.5741. The pair would subsequently consolidate at 1.5756, declining 0.23 percent. Cable had reached a high

  • H.S. Borji

    The British pound weakened Wednesday after the minutes from the Bank of England’s July meeting showed officials still favoured loose monetary policy, as investors looked ahead to Thursday’s retail sales report. The GBPUSD declined 0.18 percent to 1.7033, rebounding from an intraday low of 1.7024. The pair is supported at 1.7020 and faces resistance at

  • Forex » US Dollar Remains Subdued
    April 25, 2014, 14:44 GMT

    The US dollar was trading lower against a basket of currencies amid signs the US economy may have hit a rough patch in April. Meanwhile, ongoing tensions in the Ukraine kept risk sentiment tame, as the Japanese yen climbed in intraday trade. The US dollar index fell further below the 80.0 handle Friday. The index

  • Business » UK retail sales unexpectedly drop in October
    November 15, 2013, 08:32 GMT

    Retail sales in the UK unexpectedly fell in October, as warm weather kept demand for winter clothing on hold. Retail sales volumes fell 0.7 percent after a 0.6 percent hike the prior month, the Office for National Statistics reported. The median forecast of economists surveyed by Bloomberg expected no change in sales. On an annualized