United Kingdom Retail Sales fall 1.3% MoM in April vs. -0.6% expected
Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) fell 1.3% month-over-month (MoM) in April after rising by a revised 0.6% in March, the latest data published by the Office for National Statistics (ONS) showed on Friday.
The market forecast was for a 0.6% decline in the reported month.
The core Retail Sales, stripping the auto motor fuel sales, decreased by 0.4% MoM in April, compared with the previous increase of 0.1% (revised from 0.2%) and the estimated -0.3% figure.
The annual Retail Sales in the UK came in at 0% in April versus a rise of 1.4% prior (revised from 1.7%) and 1.3% expectations.
The annual core Retail Sales rose 1.1% in the same month, against March’s 1.5% (revised from 1.7%). The reading came in below the consensus of 1.5%.
Market reaction to the UK Retail Sales report
The British Pound edges slightly lower in an initial reaction to the softer UK Retail Sales data. The GBP/USD pair is trading 0.05% lower on the day at 1.3423, as of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Capital Trends Behind the AI Computing Power Rebound: JPMorgan Fund Flows Reveal Retail Buy-In "Shrinking," Pouring Into Nvidia, SanDisk and Other Computing Power Core Companies
What has been revealed is not a "complete withdrawal of retail investors from AI," but rather a significant slowdown in overall market entry pace under macroeconomic pressure, with stock selections becoming more concentrated. In response to the Federal Reserve's unanimous decision to raise interest rates by 25 basis points, increasing the policy rate to 3.75%–4.00%, JPMorgan's assessment is: if this is simply a withdrawal of last year's "insurance-style rate cuts" during a shallow rate hike cycle—and if corporate earnings remain strong and the Middle East situation does not further spiral out of control—the stock market is still capable of absorbing rising interest rates.
Vote Result 7-2! Bank of Japan Raises Interest Rates at Fastest Pace Since 1990, Does Not Signal a Clearly More Hawkish Stance
The Bank of Japan has raised interest rates to 1.25%, marking the highest level since 1995 and the sixth increase since exiting the negative interest rate policy in March 2024. Out of the nine committee members, Asada and Sato voted against the hike, citing the current economic situation, reflecting ongoing internal disagreements over further tightening. In its statement, the Bank of Japan indicated it will continue to raise rates and adjust the degree of monetary easing, but the forward guidance language showed limited changes from the July statement, without sending notably more hawkish signals.
Crypto prices
More
