Fri, February 19, 2016
U.K. retail sales rose the most in more than two years in January, pushed by demand for clothing and computers.
The 2.3% jump in the volume of sales was almost three times the pace of growth predicted by economists.
The increase more than reverses the drop in sales in December, when mild weather slowed the spending on clothing. It also supports the picture of an economy being largely driven by domestic demand as U.K. inflation close to zero and low unemployment boost consumer spending.
Retail sales rose 5.2% in January. On the month, food sales rose 1.1% and clothing and footwear sales were up 3.3%. In the last three years sales have risen 1.4%
Data to look out for today.
09:30: GBP UK Retail Sales
13:30: USD Consumer Price Index
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PRESS RELEASE
KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html
| Day | Time | Currency | Event |
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| FRI | 07:00 | EUR | EUR German Producer Prices (MoM) | FRI | 07:00 | EUR | EUR German Producer Prices (YoY) | FRI | 09:30 | GBP | GBP Retail Sales (MoM) | FRI | 09:30 | GBP | GBP Retail Sales (YoY) | FRI | 09:30 | GBP | GBP Retail Sales Inc Auto Fuel (MoM) | FRI | 09:30 | GBP | GBP Retail Sales Inc Auto Fuel (YoY) | FRI | 09:30 | GBP | GBP Public Finances (PSNCR) (Pounds) | FRI | 09:30 | GBP | GBP Central Government NCR | FRI | 09:30 | GBP | GBP Public Sector Net Borrowing (Pounds) | FRI | 09:30 | GBP | GBP PSNB ex Banking Groups | FRI | 13:00 | USD | USD Fed's Mester to Speak at Global Interdependence Center | FRI | 13:30 | USD | USD Consumer Price Index Ex Food & Energy (YoY) | FRI | 13:30 | USD | USD Consumer Price Index n.s.a. | FRI | 13:30 | USD | USD Consumer Price Index (MoM) | FRI | 13:30 | USD | USD Consumer Price Index (YoY) | FRI | 13:30 | USD | USD Consumer Price Index Ex Food & Energy (MoM) | FRI | 13:30 | USD | USD Consumer Price Index Core Index s.a. | FRI | 13:30 | USD | USD Real Avg Weekly Earnings (YoY) | FRI | 15:00 | EUR | EUR Euro-Zone Consumer Confidence | FRI | 18:00 | USD | USD Baker Hughes U.S. Rig Count |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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