Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted March 16, 2006 Share Posted March 16, 2006 http://www.dailyfx.com/story/dailyfx-finan...keyword=article "Pound Down Despite Strong Retail Sales Thursday, 16 March 2006 Printer Friendly | Email Article | RSS Written by DailyFX Research Team The pound traded slightly down in the London session despite the UK retail sales increase of 0.5% from the expected 0.4%. Annualized retail sales picked up 2.1% from the previous 1.3%. The growth was attributed to consumers, who account for two-thirds of the country’s economy, spending more on clothing and footwear. In addition, the RICS house price balance rose 17%, significantly higher than the estimated 10%, revealing robust housing inflation. The combined releases offer strong evidence to the Bank of England that the economy is on track for expansion this year. The GBP/USD traded around 1.7465 at 10:53 GMT, down from the New York close of 1.7480." - click on link for rest of article. Quote Link to comment Share on other sites More sharing options...
CrashConnoisseur Posted March 17, 2006 Share Posted March 17, 2006 More spending on clothes... That was me. I bought my first item of clothing in almost a year. Big ticket item too -- a pair of brand new jeans. Asda's turnover was boosted by £3. Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted March 17, 2006 Share Posted March 17, 2006 More spending on clothes... That was me. I bought my first item of clothing in almost a year. Big ticket item too -- a pair of brand new jeans. Asda's turnover was boosted by £3. Time to give "Spendahoilcs" a call. Quote Link to comment Share on other sites More sharing options...
RichM Posted March 17, 2006 Share Posted March 17, 2006 More spending on clothes... That was me. I bought my first item of clothing in almost a year. Big ticket item too -- a pair of brand new jeans. Asda's turnover was boosted by £3. You can't carry on spending this way Jeff Ross. Buying into the consumerist dream won't make you happy. Just think of your family, that's all we ask. They're depending on you, Jeff. Quote Link to comment Share on other sites More sharing options...
CrashConnoisseur Posted March 17, 2006 Share Posted March 17, 2006 Time to give "Spendahoilcs" a call. Do they have a Freephone number? Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted March 17, 2006 Share Posted March 17, 2006 Time to give "Spendahoilcs" a call. Do they have a Freephone number? That's the spirit. Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted March 17, 2006 Share Posted March 17, 2006 "Pound Down Despite Strong Retail Sales Written by DailyFX Research Team The pound traded slightly down in the London session despite the UK retail sales increase of 0.5% from the expected 0.4%. Annualized retail sales picked up 2.1% from the previous 1.3%. Just goes to show how data can be interpreted however you want it to be. The 'DailyFX Research Team' is using one month data for comparison. The ONS warns that this is unreliable, which is why they use 3-month data to get a better picture. Things look different when you compare the latest 3 months with the previous 3 months. From the ONS Retail Sales News Release: Retail sales: underlying growth continues to slowFigures today from the Office for National Statistics (ONS) show that the underlying rate of retail sales growth slowed further in February following a relatively weak January. This contrasts with a period of increasing growth seen towards the end of 2005. The volume of retail sales in the three months December 2005 to February 2006 was 0.5 per cent higher than in the previous three months. This follows growth of 1.3 per cent in the three months to January and compares with a decrease of 0.9 per cent at the same time in 2005. Next month the strong December figs will drop out of the rolling average, so unless March is also very strong, the trend will continue to worsen. Quote Link to comment Share on other sites More sharing options...
Lou G Posted March 17, 2006 Share Posted March 17, 2006 Went into Debenhams last night. They have a 3 day 25% off everything!!!. Shop assistant said it had been very quiet and was unusal as they don't usuallly discount like this at this time of year.! Hubby is talking to colleagues in the event industry, everybody is quiet!!! Lou Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted March 17, 2006 Share Posted March 17, 2006 More spending on clothes... That was me. I bought my first item of clothing in almost a year. Big ticket item too -- a pair of brand new jeans. Asda's turnover was boosted by £3. Yep, I did my bit got a BOGOF on 2 pairs of shoes and 2 pairs of slippers for the fireside. Quote Link to comment Share on other sites More sharing options...
devslim Posted March 17, 2006 Share Posted March 17, 2006 I bought a couple of shirts last month, cost me £75. I thought better of it and took them back the next week. I wonder if they've skewed the figures? Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted March 17, 2006 Share Posted March 17, 2006 I bought 2 pairs of Adidas trainers (£70 for both) a t-shirt (£16) and a long sleeved top (£20) Am I naughty? Quote Link to comment Share on other sites More sharing options...
gilf Posted March 17, 2006 Share Posted March 17, 2006 Yep, I did my bit got a BOGOF on 2 pairs of shoes and 2 pairs of slippers for the fireside. I did a BOGOHP last week on walking shoes. I went into blacks and they had a pair of shoes I was interested in for £60, decided to shop arround and went into Hargreaves and got 2 pairs of the same shoes for £90. Quote Link to comment Share on other sites More sharing options...
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