The Fundamental FOREX Blog

Tomorrow, Friday 01-22-09 at 4:30 AM ET, the GBP Retail Sales MoM report will be released.

This report will be released with one other economic news report.

GBP Retail Sales YoY

The last time this report was released was on Thursday, 12-17-09 at 4:30 AM ET .
I posted a “follow up” report, click here to see what happened.

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

Here is what is going on tomorrow:

GBP Retail Sales MoM stats:

previous = -0.3%

forecast = 1.3%

The “forecast” for this report shows a possibility of a small up turn of the GBP economy.

Here is how I am set up for this report:

GBP-2-30AM-01-22-10
Looking for a 1.0%  difference
Actual > Forecast = Good for GBP
GBP Retail Sales m/m
——actual———-forecast———-previous
________________1.3%________-3%
Out at 0.3% or lower -  SELL GBP/USD
Out at 2.3% or more -  BUY GBP/USD

I did post a “follow up” soon after this news report is over, click here to see what happened.

The next scheduled release of these reports is on Friday, 02-19-10 at 5:30 AM ET!

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

Stay tuned!