Cable is a little higher despite some pretty poor retail sales figures which have just been released. They show that retail sales were 0.7% lower than a year earlier and they were the worst figures for January in 15 years.
5 Responses to “More poor economic data from the UK”
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AUTOREFRESH 
Well we also had the worst January in a lot more than 15 years.
Gave a whole new meaning to breaking your neck to get to the sales
I am not sure what is being measured here but if this is just a comparison with last years post Xmas sales you have to bear in mind that as far as I remember it was one of the best in decades as retailers slashed their prices to basement prices and people went out to pick the bargains. Also as lilac points out it was the coldest for 30 plus years.
front end usd irs are actually rising. it gives u a feeling that the risk aversion story may be getting stale
Not sure if I missed it elsewhere here, but I think there was also UK Rics housing coming in at 32% ,expecting 27% – seemed like it was good for a 40 pip pop of GBPJPY, GBPUSD … actually, I hate it when you have good data alongside bad … gives the big boys more leeway to manipulate, and confuse the heck out of me with price action and charts that don’t make sense!
ugh, Lilac, are you in retail? I am. You all know now why I’d like to trade for a living….