British customers remain calm

British customers remain calm

UK customers generally neglected fears about an impending Brexit deadline. As a result, they spent a lot this month, as official data revealed on Thursday.

As a matter of fact, in annual terms, retail sales volumes managed to jump by the most for two-and-a-half years, soaring by 6.7%, as the Office for National Statistics informed.

The given outcome surpassed all estimates in a Reuters survey of experts.

As ONS officials told, the jump in part reflected the peak of spending in 2018, when the United Kingdom was affected by a series of snowstorms as well as icy weather.

This year, warm weather in March really assisted to ramp up spending of UK customers on clothing.

Sales went up by 1.1% in monthly terms, thus confounding the median estimate of a 0.3% dive in the Reuters survey.

For the first three months of this year, a smoother outcome of spending patterns, sales headed north by 1.6% in contrast with the previous three months, which appears to be the strongest jump since August last year.

The United Kingdom was originally due to depart from the European bloc on March 29, although that deadline was pushed back to April 12 and after this again to October 31 due to the fact UK Prime Minister Theresa May didn’t manage to break an impasse in the British legislative body on the terms of Brexit.

By the way, the figures uncovered on Thursday by the ONS covered the period February 24- March 30.

Additionally, consumer spending has underpinned the British economy through the Brexit downtime, in steep contrast to businesses that have cut back on investment.

The Bank of England has forecast the slowest economic surge for a decade in 2019.

Similar

The Last Volatile Week of 2022
The Last Volatile Week of 2022

The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!

Traders Should Know About These Releases
Traders Should Know About These Releases

The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!

Gold Outlook Ahead of NFP
Gold Outlook Ahead of NFP

Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera