- Analytics
- News and Tools
- Market News
- UK Retail Sales rises 1.2% MoM in February vs. 0.2% expected
UK Retail Sales rises 1.2% MoM in February vs. 0.2% expected
- The UK Retail Sales came in at 1.2% MoM in February, an upside surprise.
- Core Retail Sales for the UK rose by 1.5% MoM in February.
- The Cable keeps its range below 1.2300 on the upbeat UK data.
The UK Retail Sales arrived at 1.2% over the month in February vs. 0.2% expected and 0.9% previous. The Core Retail Sales, stripping the auto motor fuel sales, rose by 1.5% MoM vs. 0.1% expected and 0.9% previous.
On an annualized basis, the UK Retail Sales dropped 3.5% in February versus -4.7% expected and -5.2% prior while the Core Retail Sales decreased 3.3% in the reported month versus -4.7% expectations and -5.4% previous.
Main points (via ONS)
Non-food stores sales volumes rose by 2.4% over the month because of strong sales in discount department stores.
Food store sales volumes rose by 0.9% in February 2023 following a rise of 0.1% in January 2023, with some anecdotal evidence of reduced spending in restaurants and on takeaways because of cost-of-living pressures.
Non-store retailing (predominantly online retailers) sales volumes rose by 0.2% in February 2023, following a rise of 2.9% in January 2023.
Automotive fuel sales volumes fell by 1.1% in February 2023 following a rise of 1.1% in January 2023 when rail strikes may have increased car travel.
FX implications
GBP/USD is keeping its cautious momentum intact below 1.2300 despite the upbeat UK Retail Sales data. The spot was last seen trading at 1.2275, down 0.07% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
