wrapper

CBI Realized Sales showed balance of +51%

Tuesday, May 26 2015
Latest CBI survey on Realized Sales showed that 60% of respondents said volumes were up on a year ago, and 9% said they were down, giving a balance of +51%, a strong pick-up in sales growth on the previous month (+12%) and above expectations (+18%). Rain Newton-Smith, CBI Director of Economics said:“Retailers will be encouraged to see growth in sales and orders on the high street bounding ahead.
 
“Low inflation, which we expect to remain below 1% for the rest of the year, has given household incomes a much-needed boost and greater spending power. Overall the outlook is bright for firms on the high street, but challenges still remain, especially for food retailers, who are still feeling the heat of stiff price competition from new entrants to the sector. And investment plans have also taken a hit.”
 
However, data did not have any major impact on Sterling which is currently being traded few points above 1.54 handle. Pair is likely to find support around 1.5350 area and resistance above 1.5480 level. Later today, in the US session, Durable Goods Orders, CB Consumer Confidence and New Home Sales figures are scheduled for a release.
More in this category: « Greece cannot adopt further austerity measures Durable Goods Orders decreased by 0.5% »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.