BOSSA.CZ (BOSSA.CZ)
Markets  |  March 21, 2013 10:50:00

Retail sales in the UK were surprised, GBP / USD no reaction


iPoint.cz Retail sales in the UK today positively exceeded all expectations and reached to the previous slump caused by bad weather. In a monthly measurements increased in February by 2.1 percent. This is the largest increase in the last year, which exceeded the 0.4 percent economic forecast. Compared with February 2012, sales rose by 2.6 percent. British economy, despite the good result today suffer weakening consumer power. The British have become more expensive mainly energy, which, together with high inflation shakes life standards.

In February, purchased mainly computers and jewelry, whose sales grew by 5.2 percent. Sales of food increased by 0.8 percent and sales of apparel added 1.5 percent. Retail sales adjusted for fuel prices rose by 1.9 percent month on month and 3.3 percent compared to February 2012.

GBP / USD is still looking for direction. After the good news from the British economy, while the pair strengthened, but so far failed to overcome strong resistance Fibonacci levels of 23.6 from the daily chart. Until this level is broken, so you can not expect more corrective movement upwards. A similar situation also bear against the movement, where the support 1.5013. So far so GBP / USD remains intradenního without a clear trend.

GBP / USD

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Maloobchodní tržby ve Velké Británii překvapily, GBP/USD zatím bez reakce

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