The Fundamental FOREX Blog

Tomorrow, Thursday, 04-22-10 at 4:30 AM ET, the GBP Retail Sales MoM report will be released.

This report will be released with 3 other economic news report.

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

Preliminary Mortgages Approvals and Money Supply are released by the Bank of England

I posted a “follow up” report of last months report, click here to see what happened.

This Retail Sales 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 = 2.1%

forecast = 0.7%

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-4-30AM-ET-04-22-10
Looking for a 1.0%  difference
Actual > Forecast = Good for GBP
GBP Retail Sales m/m
——actual———-forecast———-previous
________________0.7%_________2.1%
Out at -0.3% or lower -  SELL GBP/CHF
Out at 1.7% or more -  BUY GBP/CHF
GBP Public Sector Net Borrowing
24.2B               12.4B
Trade against the number??
At peak of spike.

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, 05-21-10 at 4:30 AM ET!

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

Stay tuned!