GB Retail Sales Ex Gasoline (M/M)

Fx News Spike Signals by Crazy Cat, 2018/12/20

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 0.2%
Prior: -0.4%
LT1 (Lower Trigger 1): -1.0 [SELL]
UT1 (Upper Trigger 1): +1.0 [BUY]
Safety: 7

If GB Retail Sales Ex Gasoline (M/M) comes out at -0.8% or more negative (-1.0 deviation), GBP/USD may go down by 20 pips or more. If it comes out at 1.2% or higher (+1.0% deviation), GBP/USD may go up by 20 pips or more.

Based on 19 estimates for GB Retail Sales without Gasoline (M/M), median estimate is 0.2%, and the average estimate is 0.34%. The highest estimate is 1.1% (one estimate), the second highest is 0.8% (one vote), then 0.6% (one estimate), then 0.5% (four estimates), then 0.3% (two estimates), 0.2% (five votes), 0.1% (three votes), and finally 0.0% (two estimates). One standard deviation is +/- 0.28, down from 0.49 last month.

Also, based on 21 estimates for GB Retail Sales with Gasoline (M/M), median estimate is 0.3%, and the average estimate is 0.34%. The highest estimate is 1.1% (one estimate), the second highest is 0.8% (one estimate), then 0.6% (three estimates), 0.5% (three estimates), 0.3% (three estimates), 0.2% (six estimates), 0.1% (one estimate), 0.0% (one estimate), -0.1% (one vote), and finally the lowest estimate is -0.2% (one estimate). One standard deviation is +/- 0.30 from the average estimate, down from 0.47 last month.

It's hard to say which one is best, and perhaps you can set up triggers for both. In the past, they both were released exactly at the same time.

As always it's a very good habit to check historic price action by going to our economic calendar where you can check exactly what happened in the past but just be careful.

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