DATA ON GRAT BRITAIN. ALREADY IN AN HOUR!
Dear traders,
In an hour, at 11:00 (Kiyv), there will be data on retail sales in the UK.
The leading analyst of Ester A.Sivtsov writes:
“The retail sales figure is an important indicator of consumer spending, which also characterizes consumer confidence and is seen as an indicator of the pace of the UK economy.
- According to the forecast, the volume of retail sales in January rose by 1.5%, against the decline of the previous month at -1.5%, in annual terms the indicator will be 0.9%, against the previous value at 1.4%.
- The base retail sales index in January will change by 0.0%, against December at 1.6%, on an annualized basis, the indicator will grow by 1.0%, which is lower than the previous value at 1.3%.
The release of data within the forecast will support the pound, against which one should expect the growth of the British currency within 40-50 points against the competitors.”
Be aware of developments with analytical support from Ester!
Have a nice day!
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