At 10:30 am British Office for National Statistics (ONS) published report on changes in the level of retail sales in November this year. It was not as bad as expected. How for the slightly positive data reacted market?
Forecasts for index of retail sales were quite pessimistic. After a surprisingly good October, November was to bring change from the previous month, amounting to only 0.2%. And so actually happened. Wide retail sales rate perfectly inscribed in market expectations and in November stood at 0.2% m / m and 5.9% year on year.
Definitely better proved data base index of retail sales – core retail sales. Both shot a monthly (+ 0.5%) and annual (+ 6.6%) turned out to be much more optimistic than previously assumed by market (forecast respectively at levels of 0.1% and 6.1%). The positive tone of today’s publications spoil revisions of last readings – decreases in the value affected all components of morning report.
How pound reacted ?
EUR/GBP
