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U.K. Retail Sales increased by 1.9%

Thursday, Oct 22 2015
Year-on-year estimates in the quantity bought in the retail industry continued to show growth for the 29th consecutive month in September 2015, increasing by 6.5% compared with September 2014. Compared with August 2015, the quantity bought in the retail industry is estimated to have increased by 1.9%. Analysts were forecasting 0.3% increase.
 
Average store prices (including petrol stations) fell by 3.6% in September 2015 compared with September 2014, the 15th consecutive month of year-on-year price falls. The amount spent in the retail industry increased by 2.7% in September 2015 compared with September 2014 and by 1.4% compared with August 2015.
 
Sterling was pushed higher after the data and is currently being trade around 1.55 handle. Pair is likely to find support around 1.5450 level and resistance above 1.5560 area. There will be no major data releases later in the session.
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