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[QUOTE="Daniel LQDFX, post: 231736, member: 107699"] [HEADING=2][Center][Heading=1][B]Daily News Update[/B][/Heading][/Center][/HEADING] [HEADING=2] [Right]19 April 2024[/Right][/HEADING] [Right]Friday[/Right] [Heading=2]An important economic update is on the horizon from Great Britain, as the country is set to release its monthly Retail Sales figures. This high-impact news release is eagerly anticipated by analysts and investors alike, providing key insights into consumer spending trends and the overall economic health of the nation.[/Heading] [B][U][Center]GBP - Retail Sales m/m[/Center][/U][/B] Released monthly by the National Statistics around 20 days following the month's end, the Retail Sales report provides a vital snapshot of consumer spending by measuring the inflation-adjusted total value of sales at the retail level. As the primary indicator of consumer expenditure, which significantly influences overall economic activity, changes in Retail Sales figures are keenly observed by traders and analysts. A higher Retail Sales reading signals robust consumer spending, often translating into positive momentum for the British Pound (GBP), whereas a decline suggests reduced spending, potentially impacting the GBP negatively. This data is crucial for gauging the health and direction of the economy, making it a key point of focus in financial markets. In February 2024, UK retail sales volumes remained steady with no growth, following a 3.6% increase in January. Growth in clothing and department store sales due to new collections was offset by declines in food and fuel retail, though online sales, especially in clothing, saw a boost likely due to inclement weather. Over a three-month period ending in February, sales volumes dipped by 0.4% compared to the preceding three months and fell 1.0% year-on-year. Notably, non-food store sales rose by 0.7% within the month, driven primarily by clothing stores' performance. However, sales volumes were still 1.3% lower than pre-pandemic levels in February 2020. The UK experienced unusually wet weather in February, particularly in southern England, which impacted footfall and retail activity. Online retail continued to grow, with a significant 2.1% increase in spending over the month, marking the largest monthly rise since July 2023, with the online sales proportion reaching 25.7%. [B]TL;DR[/B] [ATTACH type="full"]28068[/ATTACH] The upcoming [B]Retail Sales m/m[/B] report is scheduled for release this [B]Friday[/B] at [B]6:00 AM GMT[/B]. The projected figure for the [B]Retail Sales m/m[/B] indicates a slight increase of [B]0.2%[/B], an improvement from the previous reading of [B]0%[/B]. The last time, the [B]British Retail Sales m/m[/B] was announced on the 22nd of March, 2024. You may find the market reaction chart [B](GBPUSD M5)[/B] below: [ATTACH type="full"]28069[/ATTACH] [HR][/HR] [I]Disclaimer: The market news provided herein is for informational purposes only and should not be considered trading advice.[/I] [/QUOTE]
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