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United Kingdom: Retail sales fall 2.3% monthly in April compared to -0.4% expected

  • UK retail sales stood at -2.3% monthly in April, well below average.
  • UK underlying retail sales fell 2.0% month-on-month in April.
  • GBP/USD extends losses below 1.2700 following dismal UK data.

The UK retail sales fell 2.3% month-on-month in Aprilcompared to the expected -0.4% and -0.2% in March, according to the latest data published by the Office for National Statistics (ONS) on Friday.

Core retail sales, excluding auto fuel sales, fell 2.0% month-on-month, compared to a 0.6% decline in March and the market forecast of -0.6%.

Annual UK retail sales fell 2.7% in April, down from 0.4% in March, while underlying retail sales fell 3.0% in the month under review, down from 0% previously. Both figures did not meet expectations.

Pound Sterling Prices Today

The following table shows the percentage change of the British Pound Sterling (GBP) against the currencies listed today. The British pound was the weakest currency against the Canadian dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.03% 0.03% 0.11% 0.03% 0.08% 0.07% 0.10%
EUR -0.03% 0.02% 0.05% -0.02% 0.05% 0.04% 0.09%
GBP -0.03% -0.02% 0.02% -0.04% 0.05% 0.02% 0.05%
JPY -0.11% -0.05% -0.02% -0.06% -0.03% -0.03% -0.01%
CAD -0.03% 0.02% 0.04% 0.06% 0.04% 0.04% 0.07%
AUD -0.08% -0.05% -0.05% 0.03% -0.04% -0.02% 0.02%
NZD -0.07% -0.04% -0.02% 0.03% -0.04% 0.02% 0.03%
CHF -0.10% -0.09% -0.05% 0.00% -0.07% -0.02% -0.03%

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 British Pound from the left column and move down the horizontal line to the US Dollar, the percentage change in the box will represent GBP (base)/USD (quote).

Source: Fx Street

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