The post UK Retail Sales unexpectedly drop 0.3% MoM in December vs. +0.4% expected appeared on BitcoinEthereumNews.com.

The UK Retail Sales fell 0.3% MoM in December, a negative surprise. Monthly core Retail Sales for the UK declined 0.6% in December. GBP/USD gives up 1.2200 after downbeat UK consumer data. The United Kingdom (UK) Retail Sales decreased at a monthly pace of 0.3% in December after growing 0.2% in November, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.4% increase in the reported month. The core Retail Sales, stripping the auto motor fuel sales, dropped by 0.6% MoM, against the previous growth of 0.1% and the estimated 0.1% figure. The annual Retail Sales in the UK climbed 3.6% in December versus November’s 0%, while the core Retail Sales advanced 2.9% in the same month versus -0.5% previous. Both readings fell short of market expectations. Market reaction to UK Retail Sales report GBP/USD is meeting fresh supply following the disappointing UK data, falling 0.41% on the day to near 1.2190, as of writing. (This story was corrected on January 17 at 7:21 GMT to say that “after growing 0.2% in November,” not 0.1%.) British Pound PRICE Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the US Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.13% 0.35% 0.23% 0.07% 0.11% 0.29% 0.10% EUR -0.13%   0.22% 0.14% -0.06% -0.02% 0.17% -0.03% GBP -0.35% -0.22%   -0.09% -0.27% -0.23% -0.05% -0.24% JPY -0.23% -0.14% 0.09%   -0.14% -0.12% 0.07% -0.12% CAD -0.07% 0.06% 0.27% 0.14%   0.03% 0.22% 0.03% AUD -0.11% 0.02% 0.23% 0.12% -0.03%   0.18% -0.03% NZD -0.29% -0.17% 0.05% -0.07% -0.22% -0.18%   -0.19% CHF -0.10% 0.03% 0.24% 0.12% -0.03% 0.03% 0.19%   The heat map shows percentage changes of major currencies against each other. The base…

---

Filed under: News - @ January 17, 2025 7:23 am