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UK CBI distributive trades survey Dec 19 vs 21 exp

Latest data now out

  • 7 prev

Not earth shattering data but one for general filing

GBPUSD has been in gentle retreat all session so far after failing above 1.4930 and now looking to test Asian lows around 1.4885

EURGBP is nudging up to look at 0.7300 again and that is helping to push GBPUSD lower.

Keep an eye on a break of either level ( 1.4880-85 and/or 0.7300-05) to trigger an acceleration in the other but one could still contain the other.

I'm heading away now. May be back later but Greg/Ryan will be popping their heads round the door to post anything of note

Have a good day one and all.

The Confederation of British Industry ( CBI ) Distributive Trades Survey (DTS) measures the health of the retail sector. The reading is compiled from a survey of about 150 retail and wholesale companies. It includes measures of sales activity across the distributive trades. It is a leading indicator of consumer spending. The figure is the difference between the percentage of retailers reporting an increase in sales and those reporting a decrease.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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