- UK retail sales came in at 0% m/m in March, below estimates.
- Core retail sales fell 0.3% month-on-month in March.
- GBP/USD remains weak near 1.2400 following mixed UK data.
UK retail sales were 0% month-on-month in March, down from 0.3% expected and 0.1% in February, according to the latest data released on Friday by the Office for National Statistics (ONS).
Core retail sales, excluding auto fuel sales, fell 0.3% month-on-month, down from 0.3% growth in February.
UK annual retail sales rose 0.8% in March, up from -0.3% in February, while the underlying indicator rose 0.4% from -0.4% previously.
Markets react to UK retail sales report
He GBP/USD has regained ground following the UK retail sales data, having previously fallen to a daily bottom around 1.2400. Despite the rally, the pair is trading around 1.2424, losing 0.10% on the day.
Pound sterling price today
The following table shows the percentage change of the British Pound (GBP) against the currencies listed today. The British Pound was the weakest currency against the Swiss Franc.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.13% | 0.25% | 0.13% | 0.46% | -0.20% | 0.42% | -0.49% | |
| EUR | -0.13% | 0.13% | 0.00% | 0.33% | -0.31% | 0.29% | -0.54% | |
| GBP | -0.25% | -0.13% | -0.12% | 0.21% | -0.44% | 0.17% | -0.67% | |
| CAD | -0.13% | 0.00% | 0.12% | 0.33% | -0.32% | 0.29% | -0.54% | |
| AUD | -0.46% | -0.33% | -0.17% | -0.33% | -0.65% | -0.03% | -0.87% | |
| JPY | 0.18% | 0.33% | 0.42% | 0.31% | 0.65% | 0.60% | -0.22% | |
| NZD | -0.41% | -0.28% | -0.15% | -0.28% | 0.05% | -0.61% | -0.82% | |
| CHF | 0.40% | 0.53% | 0.66% | 0.53% | 0.86% | 0.21% | 0.82% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the Euro in the left column and scroll down the horizontal line to the Japanese Yen, the percentage change that appears in the box will represent EUR (base)/JPY (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.
