StockMarketWire.com - Ahead of the release of March’s retail sales, sterling pairs are up against the majority of its major counterparts. The data release is expected to push higher month-on-month to 0.5% (prev -0.6).
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.
GBPJPY 145.02 +0.19%, GBPUSD 1.5137 +0.08%, EURGBP 0.8525 +0.05%, GBPCAD 1.5515 +0.05%, GBPNZD 1.8276 -0.03%, GBPAUD 1.4575 +0.03% and GBPCHF 1.4321 -0.01%.
At 9:25am:
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