Market Leader informed Previous value: - 0.5%. Forecast: 0.4%.
Retail Sales are some kind of a key to determining the level of consumer spending. The indicator defines the economic activity of the entire country.
The retail sales of products with various price dynamics serve as the calculation basis, which sometimes leads to divergence between forecasts and actual data. However the released data allow market participants (including Forex) to make certain conclusions.
The scale of the indicator and the importance of its task give us the right to consider it to have a serious impact on the currency rate.
When it comes to Great Britain, an increase in the level of retail sales speaks in favor of GBP strength.
The data are released in 3 weeks after the end of the reporting month.
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