We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Real Time News
  • 🇳🇿 NZD REINZ House Sales (YoY) (JAN), Actual: 3.2% Expected: N/A Previous: 12.3% https://www.dailyfx.com/economic-calendar#2020-02-17
  • Heads Up:🇳🇿 NZD REINZ House Sales (YoY) (JAN) due at 20:00 GMT (15min), Actual: N/A Expected: N/A Previous: 12.3% https://www.dailyfx.com/economic-calendar#2020-02-17
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.54% Silver: 0.26% Gold: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ExeBiOPWa6
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.80%, while traders in USD/CAD are at opposite extremes with 83.24%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/90m6cpzhzr
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.26% US 500: 0.26% Germany 30: -0.01% France 40: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/svIjzlLJBu
  • We are a few pips away from seeing a $EURUSD close above or below Friday's end. As of Friday, 9 of the past 10 trading days were lower. An extreme with some interesting pedigree: https://t.co/qxYhbzZuVZ
  • RT @EUCouncilPress: #Eurogroup is over! Watch the press conference with @mariofcenteno, @PaoloGentiloni and @ESM_Press Regling LIVE at +/…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.87%, while traders in USD/CAD are at opposite extremes with 83.13%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/54YP4FM9nw
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.30% Oil - US Crude: 0.18% Gold: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TmyP5d1RBD
  • Here is the MSCI's World Equities ETF overlaid with the aggregate stimulus from the Fed, ECB, BOE and BOJ. That stimulus is level out despite a rise from 3 of those 4, largely due to rising US Dollar (the pricing currency here) https://t.co/GlxkPs4xZN
U.K. Retail Sales Unexpectedly Advances

U.K. Retail Sales Unexpectedly Advances

2010-07-22 11:59:00
Michael Wright, Currency Analyst
Share:

fxheadlines07.22

Fundamental Headlines


• Bernanke Prepared to Take New Steps – Wall Street Journal
Euro-Zone Private Sector Expands – Wall Street Journal
• Fed Ready to Act Amid Uncertain Outlook - Financial Times
• Euro Passes Stress Test With Debt Panic Ebbing as Bank Exam Results Loom - Bloomberg
• Bernanke Says Fed Is Prepared to Act as Needed - Bloomberg



GBP/USD: Retail sales in the U.K. advanced 0.7 percent  in June after climbing a revised 0.8 percent the previous month to exceed economists’ expectations of 0.5 percent. At the same time, annualized sales jumped 1.3 percent, the office for National Statistics in London said today. Despite the better than expected release in today’s figures, we may see retail sales come under pressure during the ending months of this year as lingering concerns regarding the debt crisis in Europe continues to weigh on consumer confidence in the U.K.  Indeed, theadvance in sales trails the Bank of England minutes in which Sentence voted against the majority and argued that inflation “had shifted sufficiently to justify beginning to raise interest rates gradually.” Meanwhile, policy makers stated that while it was “too early” to fully assess the implications of the budget for inflation, the planned value – added tax increases would probably add to consumer price growth in 2011. Thus, the VAT increase from 17.5 percent to 20.0 percent will likely add upward pressure onto inflation and dampen retail sales next year. Nonetheless, the Bank of England may maintain its wait and see approach as the global economy continues to face major headwinds in its recovery. To discuss this and other topics, please visit the GBP/USD forum.
 
Related Articles: Markets Await ECB Stress Tests Results



Written by Michael Wright, Currency Analyst
To Receive Future Articles by Email, please contact me at instructor@dailyfx.com
Michael Wright is the author of FX Headlines, Fundamentals vs. Technical’s, Weekly Spotlight, and
Forex Trading Weekly Forecast
 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.