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ReviewBrokers – News Trading 02:00 AM August 20, 2021 ( NY Time ) UK Retail Sales

19th August 2021   ·   0 Comments

UK Retail Sales

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

Traded pair                 Previous   Forecast     Deviation
GBP/USD                      0.5 (%)          0.2 (%)                ±0.4 (%)

Buy     GBP/USD      if actual figure is or is below     0.6 (%)
Sell       GBP/USD     if actual figure is or is above     -0.2 (%)

Expected move during first 20  minutes after the release is 50  pips or more.

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