UK Retail Sales increased 1.7%

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Thursday, Dec 17 2015

Compared with October 2015, the quantity bought in the retail industry is estimated to have increased by 1.7%. Analysts were predicting 0.6% increase. Average store prices (including petrol stations) fell by 3.3% in November 2015 compared with November 2014, the 17th consecutive month of year-on-year price falls.

The amount spent in the retail industry increased by 1.4% in November 2015 compared with November 2014 and increased by 1.4% compared with October 2015. The value of online sales increased by 12.7% in November 2015 compared with November 2014 and by 4.9% compared with October 2015.

Sterling is currently being traded around 1.49 handle. Pair is likely to find support around 1.49 handle and resistance above 1.50 level. Later today, in the US session, Unemployment Claims and Philly Fed Manufacturing Index figures are scheduled for a release.

More in this category: « German Business Sentiment fell to 108.7 Unemployment Claims down to 271,000 »

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