UK Retail Sales rose by 0.9%

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Thursday, Jun 16 2016

The volume of retail sales in May 2016 is estimated to have increased by 6.0% compared with May 2015. The underlying pattern in the data, as suggested by the 3 month on 3 month movement in the quantity bought, increased by 1.5%. Compared with April 2016, the quantity bought in the retail industry is estimated to have increased by 0.9%.

Average store prices (including petrol stations) fell by 2.8% in May 2016 compared with May 2015. The amount spent in the retail industry increased by 3.1% compared with May 2015 and increased by 1.3% compared with April 2016. The value of online sales increased by 21.5% in May 2016 compared with May 2015 and increased by 6.4% compared with April 2016.

Sterling is currently being traded few points above 1.42 level. Pair is likely to find support around 1.41 handle and resistance above 1.4250 level. Later today, In the US session, CPI, Unemployment Claims and Philly Fed Manufacturing Index figures are scheduled for a release.

More in this category: « Australian Unemployment Rate remained steady at 5.7% BoE left interest rates unchanged »

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