GB Retail Sales Ex Gasoline (M/M)

Fx News Spike Signals by Crazy Cat, 2020/01/17

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 0.8%
Prior: -0.6%
LT1 (Lower Trigger 1): --- [SELL]
UT1 (Upper Trigger 1): +++ [BUY]
Safety: 7

Due to uncertainty about Brexit's impact on the British economy, the market surely is very focused on the Brexit outcome. For that reason, I will not provide triggers today.

Based on 22 estimates for GB Retail Sales without Gasoline (M/M), median estimate is 0.8%, and the average estimate is 0.56%. The highest estimate is 1.5% (one estimate), the second highest is 1.0% (six votes), then 0.9% (three estimates), then 0.8% (one estimate), then 0.7% (one estimate), 0.6% (one vote), then 0.5% (two votes), then 0.4% (one vote), 0.3% (one vote), 0.2% (two votes), then -0.2% (one vote), -0.5% (one vote), and finally -1.0% (one estimate). One standard deviation is +/- 0.56, about same as last month.

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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