Tomorrow, Friday 02-19-09 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
I posted a “follow up” report of last months 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 = -0.5%
The “forecast” for this report shows a possibility of a down turn of the GBP economy.
Here is how I am set up for this report:
GBP-2-30AM-02-19-10
Looking for a 1.0% difference
Actual > Forecast = Good for GBP
GBP Retail Sales m/m
——actual———-forecast———-previous
________________-0.5%_________0.3%
Out at -1.5% or lower - SELL GBP/USD
Out at 0.5% or more - BUY GBP/USD
I did post a “follow up” soon after this news report was over, click here to see what happened.
The next scheduled release of these reports is on Friday, 03-19-10 at 4:30 AM ET!
I will probably post a “preview” a day or two prior.
Stay tuned!
