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United Kingdom CBI Distributive Trades
The health of the retail sector in the United Kingdom is measured by the Confederation of British Industry (CBI) Distributive Trades Survey (DTS). The information in this reading is derived from a survey of approximately 150 retail and wholesale businesses. Measures of sales activity across the distribution trades are included in this category. It is considered to be a leading indicator of consumer expenditure. The figure depicts the difference between the percentage of retailers who reported an increase in sales and the percentage of shops who reported a reduction in sales.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.2925 -341 pips |
1.3475 -209 pips |
1.32664 | |
| GBPJPY |
|
|
192.0286 -539 pips |
197.1539 +26 pips |
197.414 | |
| EURGBP |
|
|
0.8534 -84 pips |
0.8661 -43 pips |
0.86181 | |
| GBPCAD |
|
|
1.7978 -351 pips |
1.8460 -131 pips |
1.83294 | |
| GBPCHF |
|
|
1.0772 -8 pips |
1.0968 -188 pips |
1.07802 | |
| GBPNZD |
|
|
2.1986 -396 pips |
2.1614 +768 pips |
2.23821 | |
| GBPAUD |
|
|
2.0013 -499 pips |
2.0766 -254 pips |
2.05119 | |
| GBPNOK |
|
|
13.6425 -0 pips |
13.6421 +4 pips |
13.64251 | |
| GBPSEK |
|
|
12.8567 -912 pips |
13.1338 -1859 pips |
12.94785 | |
| GBPSGD |
|
|
1.7201 +28 pips |
1.7358 -185 pips |
1.71734 |
News (GBP)
UK Mortgage Approvals At 3-Month High
UK mortgage approvals rose to a three-month high in June and consumer credit increased notably, official data revealed on Tuesday. Approvals for house purchases increased to a three-month high of 64,167 in June from 63,288 in May, the Bank of England reported. Approvals were above economists' forecast of 63,000.
RTTNews | 1 day ago
UK Retail Sales Rebound As Warm Weather Boosts Spending
UK retail sales recovered in June as warm weather boosted consumer spending but consumer sentiment weakened amid fears of possible tax rate hikes, data showed Friday. Retail sales grew 0.9 percent on a monthly basis, in contrast to the revised 2.8 percent drop in May, the Office for National Statistics reported. However, this was weaker than economists' forecast of 1.2 percent gain.
RTTNews | 5 days ago
UK Private Sector Growth Moderates On Services Activity
UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday. The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.
RTTNews | 6 days ago
