Traders Alter Rate Expectations After Record Surge In UK Retail Sales |
|
The wind direction has changed suddenly in the UK. After several disappointing UK economic data and higher than expected inflation numbers, most market players are caught by surprise by today’s release of UK retail sales which came out much better than even the most optimistic estimates. UK retail sales data surged 3.5% m/m and 8.1% y/y in May on increased food and clothing sales, eclipsing the -0.1% and 4.1% average forecasts. The 3.5% increase in UK sales was the most since the government
Filed under: Fundamental
Latest Posts
- Obama Names Next Treasury Secretary
- This Week's Market Outlook - Forex Trading, Currency Forecast, FX …
- The Trading Week: Nov. 24 - Nov. 28
- The week in few words
- Citigroup volatility makes for option day-traders heaven - financials remain pressured
- Today’s Live Show
- Forex Fundamental Outlook - Forex Trading, Currency Forecast, FX …
- Time for another rescue package
- Stock markets continue weakening
- ECB to ease aggressively - yields will fall further
- London Gold Market Report
- the 10 essentials of forex trading jared f. martinez (forex Series …
- Euroland: Very weak PMI should spur ECB to cut rates dramatically
- Currency Currents
- Currencies also sidelined although some Yen crosses dipped below October’s low
No Comments! Be The First!