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UK Retail Sales beat forecasts by some margin- GBP/USD yet to react
That whole batch of uk data has just hit the screens and it. Headline core UK retail sales were forecast to fall by 0.5% last month, after rising by 2.1% the month before. They have actually risen by 1%, but the prior rise was revised slower, at 1.6%. That is still quite a beat and the other important data to note was a quite significant revision in Q4 business investment, to -1.9% from -3.2%. The GBP/USD has not reacted to this data, but in truth it should have, because this was all pretty positive news. The GBP/USD is right now at 1.2944
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