UK retail sales data for May wsa released this morning at 7:00 am BST. Report was expected to show monthly increases in headline and core retail sales, as well as smaller year-over-year declines.
Actual data turned out to be a big positive surprise, with monthly headline and core retail sales rising much more than expected. Moreover, both headline and core measures showed unexpected increases on an annual basis.
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Open account Try demo Download mobile app Download mobile appGBP jumped following the release, although part of a knee-jerk move has been erased already. GBPUSD jumped around 0.1% and reached a daily high near 1.2672.
UK, retail sales for May
- Headline (annual): +1.3% YoY vs -0.9% YoY expected (-2.7% YoY previously)
- Headline (monthly): +2.9% MoM vs +1.4% MoM expected (-2.3% MoM previously)
- Core (annual): +1.2% YoY vs -0.7% YoY expected (-3.0% YoY previously)
- Core (monthly): +2.9% MoM vs +1.8% MoM expected (-2.0% MoM previously)
Source: xStation5
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