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UK Retail Sales [m/m]

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United Kingdom

UK Retail sales have a sufficient popularity among traders since the indicator characterizes the moods of consumers which indirectly indicate their economic state by the volumes of purchases in the retail network.

Features of the publication

Reacts in different ways in different periods
Keep watch over the movement of the pair before the release
Keep watch over the market sentiments

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How to trade UK Retail Sales [m/m]

If the data exceeds the forecast, then GBPUSD grows.             

The statistics package proposed for attention has the following components:

UK Retail Sales [y/y]

UK Retail Sales [m/m]

UK Retail Sales [ex. fuel] [m/m]

UK Retail Sales [ex. fuel] [y/y]

At the same time, quotes tend to react most of all to the generalized indicator in the form of UK Retail Sales [m/m].

The indicator has two whimsical features:

- It is not always interesting to the market, and the deviations of the fact of news from its forecast of the same level do not always affect quotes the same way. In other words, for example, a deviation of +/- 1 can cause today 30 points of traffic in the first minute, but next month it may even remain silent...

- The pound can react sharply before publication – keep watch over its movements before the release. If the pound sterling has passed “enough points” before the release, it is necessary to be especially cautious in trading and namely in the direction of its previous movement. If the British Sterling has passed quite a lot before the release and especially most of the part of it for a few minutes before the publication, it is worth considering the expediency of trading in this direction.

How to know whether the reaction will be good? The question is not simple because there is no clear definition but there are indirect hints.

First of all, it is the position of the Bank of England: if the regulator in the current period indicates intentions to change or deploy its monetary policy at all (as a rule, this is a change in the interest rate), then in this case we can count on additional attention to retail sales. If the indicator of retail sales “rubs” near the zero value, this can also be a sign of additional attention from the market. If the indicator in the previous release was below zero, and this time an increase above zero is planned, in this case, it can also be a sign of a good reaction.

 

In general, this indicator requires that the trader controls the overall market sentiments before trading. 

History of publications

Date:
23/03/2017
Signal:
Buy 1
Cons:
0.40
Fact:
1.40
Dev:
1.00
React:
40
Direct:
Up
Pair:
GBPUSD
Date:
17/11/2016
Signal:
Buy 1
Cons:
0.50
Fact:
1.90
Dev:
1.40
React:
Direct:
Pair:
GBPUSD
Others
Date:
19/02/2016
Signal:
Buy 3
Cons:
0.80
Fact:
2.30
Dev:
1.50
React:
15
Direct:
Saw
Pair:
GBPUSD
Others

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