27 April 2020 - Retail sales lowest on record is hardly surprising

Retail Sales data for March was released on Friday. They fell by 5.1% month on month, the worst ever result. It was expected that there would be something close to a collapse, given that the lockdown began on 23rd March. Sterling reacted poorly to the data as traders asked if a month with just one week of lockdown is that bad, what will April’s data look like? Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.