Pound Slides As UK Retail Sales Drop More Than Forecast
2017年10月19日 - 02:11PM
RTTF2
The pound fell against its major rivals in early European deals
on Thursday, as UK retail sales declined more than expected in
September.
Data from the Office for National Statistics showed that retail
sales including auto fuel, dropped 0.8 percent month-on-month in
September, reversing a 0.9 percent rise in August.
This was the first fall in four months and the biggest since
March. Sales were forecast to drop marginally by 0.2 percent.
Likewise, retail sales volume excluding auto fuel slid 0.7
percent, in contrast to August's 0.9 percent increase. Economists
had forecast a 0.1 percent fall for September.
On a yearly basis, growth in retail sales, including auto fuel,
slowed to 1.2 percent in September from 2.3 percent in August. This
was also weaker than the expected 2.1 percent.
Excluding auto fuel, retail sales climbed 1.6 percent, slower
than the 2.6 percent increase seen in August. The expected growth
rate was 2.2 percent.
Further weighing on the currency was risk aversion, as Spanish
political turmoil dampened risk sentiment.
The pound rose against its major rivals in the Asian session,
with the exception of the euro.
The pound slipped to a weekly low of 0.8974 against the euro,
after having advanced to 0.8924 at 5:00 pm ET. If the pound extends
slide, 0.91 is possibly seen as its next support level.
Reversing from an early 2-day high of 1.3228 against the
greenback, the pound hit a weekly low of 1.3131. Continuation of
the pound's downtrend may see it challenging support around the
1.30 region.
The pound fell to a weekly low of 1.2857 against the franc, off
early 2-day high of 1.2964. Further weakness may take the pound to
a support around the 1.27 mark.
Data from the Federal Customs Administration showed that
Switzerland's foreign trade surplus increased in September, as
imports fell faster than exports.
The trade surplus climbed to CHF 2.9 billion in September from
CHF 2.2 billion in August.
The pound, having advanced to a new 2-week high of 149.44
against the yen at 2:30 am ET, reversed direction and dropped to
147.90. The next possible support for the pound-yen pair is seen
around the 147.00 level.
Data from the Ministry of Economy, Trade and Industry showed
that Japan's all industry activity recovered in August.
The all industry activity index edged up 0.1 percent
month-on-month in August, offsetting a 0.1 percent fall in July.
However, the pace of growth was weaker than the expected 0.2
percent.
Looking ahead, U.S. weekly jobless claims for the week ended
October 14 and leading indicators for September are set for release
in the New York session.
Sterling vs Yen (FX:GBPJPY)
FXチャート
から 2 2024 まで 3 2024
Sterling vs Yen (FX:GBPJPY)
FXチャート
から 3 2023 まで 3 2024