Retail sales of the United Kingdom (UK) fell 2.7% intermensual in May after rising 1.3% in April (reviewed from 1.2%), according to the latest data published Friday by the National Statistics Office (ONS).
The markets were waiting for a 0.5% drop in the informed month.
Basic retail sales, excluding fuel sales for cars, fell 2.8% monthly, compared to the previous review of 1.4% and the estimate of -0.5%.
Annual retail sales in the United Kingdom fell 1.3% in May compared to 5% in April, while basic retail sales also decreased 1.3% in the same month compared to an earlier review of 5.2%.
Both readings exceeded market expectations.
Market reaction to the United Kingdom Retail Sales Report
The GBP/USD cut its profits in an immediate reaction to the negative data of the United Kingdom, although it still adds 0.18% in the day to 1,3483, at the time of writing.
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. Libra sterling was the strongest currency against the Japanese and in Japanese.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.23% | -0.07% | -0.03% | -0.10% | -0.31% | -0.20% | -0.06% | |
| EUR | 0.23% | 0.13% | 0.20% | 0.13% | 0.09% | 0.05% | 0.19% | |
| GBP | 0.07% | -0.13% | 0.16% | 0.00% | -0.04% | -0.09% | 0.06% | |
| JPY | 0.03% | -0.20% | -0.16% | -0.02% | -0.29% | -0.31% | -0.08% | |
| CAD | 0.10% | -0.13% | -0.01% | 0.02% | -0.17% | -0.33% | 0.05% | |
| Aud | 0.31% | -0.09% | 0.04% | 0.29% | 0.17% | 0.23% | 0.10% | |
| NZD | 0.20% | -0.05% | 0.09% | 0.31% | 0.33% | -0.23% | 0.14% | |
| CHF | 0.06% | -0.19% | -0.06% | 0.08% | -0.05% | -0.10% | -0.14% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
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.
