Easter Boosts Sales for UK Retailers in April

Easter sales could have helped boost retail sales, with the monthly sales balance touching +13 in April


According to data released by the Confederation of British Industry (CBI), retail sales in the UK rose for the first time in five months. Easter sales could have helped boost retail sales, with the monthly sales balance touching +13 in April, significantly higher than its worst fall to -18 back in March.

This figure not only registered a jump, but it has also come out significantly higher than the economists’ forecast, which was for zero. Even amidst Brexit uncertainties that continue to impact British markets, this figure has come as a relief to the retail industry, which is suffering from a bleak outlook overall.

This data, however, has had little impact on GBP/USD which continues to trade lower around 1.28 so far today.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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