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The FxPro Analyst Team

UK Retail Sales and US Unemployment Data on the Agenda Today

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At 08:30 GMT, UK Retail Sales (YoY) (Mar) is expected to be 2.0% from 1.5% previously. Retail Sales (MoM) (Mar) is expected at -0.5% against a prior 0.8%. Retail Sales Ex-Fuel (YoY) (Mar) is expected to be 1.4% from 1.1% previously. Retail Sales Ex-Fuel (MoM) (Mar) is expected at -0.4% against a prior 0.6%. Yearly figures are expected to show an increase but monthly numbers are expected to miss expectations and show a fall in sales. It is a volatile data set, however, it does provide an overview of consumer spending. GBP crosses may experience an increase in volatility following this data release.

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At 12:00 GMT, FOMC Member Brainard is due to speak about regulatory reform at the Global Finance Forum, in Washington DC. Audience questions are expected and any comments made could affect USD pairs.

At 12:30 GMT, US Continuing Jobless Claims (Apr 6) is expected to be 1.848M against a previous 1.871M. Initial Jobless Claims (Apr 13) is expected to be 230K from 233K previously. Philadelphia FED Manufacturing Survey (Mar) is expected to be 20.1 against 22.3 previously. Although low, the Claims data is still above its lowest levels. It is expected to fall and come in lower than expected, as the labour market struggles to find more workers. USD pairs may be moved by this data.

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At 13:30 GMT, Fed Member Quarles is due to testify on supervision and regulation before the Senate Banking Committee, in Washington DC. The USD may be impacted by any comments made.

At 16:30 GMT, UK MPC Member Cunliffe is due to speak at the Global Finance Forum, in Washington DC. Audience questions are expected, with comments potentially impacting GBP crosses.

At 22:45 GMT, FOMC Member Mester is due to speak about the economic outlook and monetary policy at the University of Pittsburgh’s Joseph M. Katz Graduate School of Business. Audience questions are expected and USD pairs could be impacted by any comments made.