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21 Feb 2025

UK Retail Sales jump 1.7% MoM in January vs. 0.3% expected

  • The UK Retail Sales jumped 1.7% MoM in January, a  big beat.
  • Monthly core Retail Sales for the UK rose 2.1% in January.
  • GBP/USD rises toward 1.2700 after strong UK consumer data.

The United Kingdom (UK) Retail Sales rebounded 1.7% month-on-month (MoM) in January after falling 0.6% in December, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets estimated a 0.3% jump in the reported month.

more to come ....

Feb 21, 2025

United Kingdom Public Sector Net Borrowing below forecasts (£20B) in January: Actual (£-15.442B)

United Kingdom Public Sector Net Borrowing below forecasts (£20B) in January: Actual (£-15.442B)
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Feb 21, 2025

Forex Today: Market focus shifts to February PMI data

Here is what you need to know on Friday, February 21: The action in financial markets quiets down on Friday as investors await preliminary February Manufacturing and Services Purchasing Managers' Index (PMI) data from Germany, the Eurozone, the UK and the US.
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