The British retail sales increased 0.3% in December’s monthly reading, worsening the expected 1.2% increase. Furthermore, the November figures were revised downwards, standing at -4.1% compared to the -3.8% published a month ago.
Annual retail sales grew 2.9%, improving from the previous 2.1% (revised from 2.4%) but disappointing the expected 4%.
Excluding fuel, the monthly indicator rose 0.4%, below the estimated 0.8%, and above the previous -3% (revised from -2.6%). Annually they grew 6.4% compared to the 7% agreed upon and the previous 5.3% (revised from 5.6%).
GBP / USD reaction
The pound has reacted to the data with a drop of about 25 pips in a few minutes, adding to the 40 pip decline it had already experienced since the Asian open. He GBP / USD has fallen to 1.3672, new low of the day, and now operates on 1.3675, losing 0.46% daily.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
