The Fundamental FOREX Blog

On Thursday, 11-19-09 at 4:30 AM ET, the GBP Retail Sales MoM Rate was released.

This report will be released with two other economic news reports.

GBP Public Sector Net Borrowing
GBP Prelim M4 Money Supply m/m

I posted a “preview” of this report on Wednesday, 11-18-09, click here for a review.

This report is released by the U.K.s National Statistics on a monthly basis.

And the Prelim M4 Money Supply report is released by the Bank of England.

For an idea how this report worked out, here is what happened:

GBP Retail Sales MoM stats:

previous = 0.0% revised = 0.4%

forecast = 0.6%

Actual = 0.4%
Bad – came out lower then the “forecast” by 0.2%, and same as the revised “previous”.
Maybe some good, came out higher then “previous” by 0.4%.

This time, I did not make the mistake of the past of not following my own guide lines for entering a trade, I was looking for a 1.0% difference between the “forecast” and the “actual”, which did not happen.

Only one currency pair had any movement – the GBP/USD. I will show the chart.

a one minute GBP/USD currency chart

This GBP/USD currency pair moved up/down 1st minute and next 2 minutes – then moved up about  33 PIPS in 20 minutes.

The next scheduled release of these reports is on Thursday, 12-24-09 at 4:30 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!