- UK retail sales fell 1.2% month-on-month in June, well above expectations.
- UK monthly core retail sales fell 1.5% in June.
- GBP/USD remains defensive below 1.2950 following weak UK data.
UK retail sales fell 1.2% month-on-month in June after rebounding 2.9% in May, according to the latest data published on Friday by the Office for National Statistics (ONS). Markets had projected a 0.4% drop in the reported month.
Retail sales excluding motor fuel sales fell 1.5% month-on-month, versus the prior increase of 2.9% and the estimate of -0.5%.
Annual UK retail sales fell 0.2% in June compared with 1.3% growth in May, while retail sales Core prices fell by 0.8% in the same month compared to +1.2% previously. Both figures were below expectations.
Market reaction to UK retail sales report
GBP/USD unmoved by weak UK data releases, modestly flat on the day near 1.2935, at time of writing.
Pound Sterling PRICE Today
The table below shows the exchange rate of the British Pound (GBP) against major currencies today. The British Pound was the weakest currency against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | 0.06% | 0.25% | 0.00% | 0.08% | 0.22% | 0.17% | |
| EUR | -0.07% | -0.01% | 0.17% | -0.10% | 0.00% | 0.16% | 0.11% | |
| GBP | -0.06% | 0.00% | 0.02% | -0.09% | 0.02% | 0.18% | 0.11% | |
| JPY | -0.25% | -0.17% | -0.02% | -0.25% | -0.15% | -0.00% | -0.06% | |
| CAD | -0.00% | 0.10% | 0.09% | 0.25% | 0.08% | 0.24% | 0.17% | |
| AUD | -0.08% | -0.01% | -0.02% | 0.15% | -0.08% | 0.15% | 0.09% | |
| NZD | -0.22% | -0.16% | -0.18% | 0.00% | -0.24% | -0.15% | -0.07% | |
| CHF | -0.17% | -0.11% | -0.11% | 0.06% | -0.17% | -0.09% | 0.07% |
The heatmap shows percentage changes of major currencies. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you choose the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the chart will represent the GBP (base)/USD (quote).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
