UK Retail Sales Expected to Turn Negative Again After a Not-So Sudden Jump in November - Forex News by FX Leaders
Black Friday might have been a factor in the jump we saw in November

UK Retail Sales Expected to Turn Negative Again After a Not-So Sudden Jump in November

Posted Friday, January 18, 2019 by
Skerdian Meta • 1 min read

The economic data from Europe has been deteriorating in recent months as the global economy slows down considerably. We have seen some pretty bad figures from Britain as well and retail sales have turned negative in Autumn.

In September, retail sales declined by 0.8%, as the report released in October showed. In October, sales fell by 0.5%, so a trend started to form. But, we saw a sudden jump in November as shown in last month’s report. Retail sales were expected to increase by 0.3% but they jumped 1.4% higher.

Although, we have to take into consideration that November included Black Friday, so that day should have had some decent impact on sales that month. They are expected to turn negative again in December and decline by 0.8%. If that happens, then the declining trend will be official. It will also confirm that the 1.4% jump in November was due to Black Friday, so, let’s see how today’s report will be.

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
The broad-based US dollar will end this week on a bullish track amid hopes that the Fed will start tapering its bond purchases as soon as...
2 weeks ago
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments