wrapper

UK Retail Sales rose by 0.2%

Thursday, Jun 18 2015
On the month, the quantity bought in the retail industry increased by 0.2% compared with April 2015. Analysts were predicting no change. There was growth in predominantly food stores, other non-food stores, household goods stores and petrol stations.
 
Average store prices (including petrol stations) fell by 2.7% in May 2015 compared with May 2014. This is the 11th consecutive month of year-on-year price falls. The largest contribution once again came from petrol stations which fell by 10.2%, the 21st consecutive month of year-on-year falling prices in this store type. 
 
Continuing a sustained period of year-on-year growth, the volume of retail sales in May 2015 are estimated to have increased by 4.6% compared with May 2014. This was the 26th consecutive month of year-on-year growth, the longest period of sustained growth since May 2008 when there were 31 periods of growth.
 
After the data Sterling was pushed further higher and is currently being traded few points above 1.59 handle. Pair is likely to find support around 1.5830 level and resistance above 1.5950 area, yesterday's high. Later today, in the US session, CPI, Unemployment Claims, Current Account and Philly Fed Manufacturing Index data is scheduled for a release.
 
More in this category: « Aussie lower due to fall in iron ore prices Unemployment Claims show strength on job market »

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.