UK Retail Sales increased by 2.3%

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Friday, Feb 19 2016

Compared with December 2015, the quantity bought in the retail industry is estimated to have increased by 2.3%. Incline by 0.8% was expected. Average store prices (including petrol stations) fell by 2.6% in January 2016 compared with January 2015, the 19th consecutive month of year-on-year price falls. The amount spent in the retail industry increased by 2.4% in January 2016 compared with January 2015 and increased by 2.3% compared with December 2015.

Public sector net borrowing excluding public sector banks decreased by £10.6 billion to £66.5 billion in the current financial year-to-date (April 2015 to January 2016) compared with the same period in the previous financial year. Public sector net borrowing excluding public sector banks was in a surplus of £11.2 billion in January 2016, a £1.0 billion greater surplus compared with January 2015.

Sterling is currently being traded around 1.43 area. Pair is likely to find support around 1.4250 handle and resistance above 1.4380 level. Later today, In the US session, CPI figures were released.

More in this category: « German PPI down by 0.7% US CPI unchanged in January »

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