November 2018 UK retail sales data 20 December 2018

  • Retail sales 1.4% vs 0.3% exp m/m. Prior -0.5%
  • 3.6% vs 1.9%  exp y/y. Prior 2.2%
  • Ex-fuel 1.2% vs 0.2% exp m/m. Prior -0.4%
  • 3.8% vs 2.3% exp y/y. Prior 2.7%

Much stronger than expected but not unexpected at ForexFlow given the all the retailers reporting strong seasonal sales over Black Friday and Cyber Monday.

GBPUSD rises to 1.2691 from around 1.2680.

Ryan Littlestone

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