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6 Mar 2025

Eurozone Retail Sales rise 1.5% YoY in January vs. 1.9% expected

Eurozone annual Retail Sales rose 1.5% in January.
Retail Sales in the old continent came in at -0.3% MoM in January.

Eurozone’s Retail Sales rose 1.5% in the year through January after a revised 2.2% growth in December, the official data released by Eurostat showed on Thursday. The data missed the market expectations of 1.9%.

On a monthly basis, Retail Sales in the old continent declined by 0.3% in the same period versus December’s 0% revision while coming in below the expected 0.1% increase.

FX implications

The Eurozone data stalls the renewed upside in the Euro. When writing, the EUR/USD pair is trading 0.09% higher on the day at 1.0798.

Mar 6, 2025

Pound Sterling holds onto gains against US Dollar as Trump tariff fears ease

The Pound Sterling (GBP) clings to gains near 1.2900 against the US Dollar (USD) in European trading hours on Thursday.

SEK: Hot inflation supports SEK rally – ING

Sweden reported stronger-than-expected inflation figures for February this morning.