Vantage FX UK’s Jay Mawji Comments on 23 May UK GDP & Retail Sales Figures Announcement

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Vantage FX UK Head of Market Analysis Jay Mawji comments on the upcoming UK GDP & Retail Sales figures announcement.

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Retail Sales could play a bigger role in May than in previous months.

Multi-award winning forex broker Vantage FX UK has its finger on the pulse of FX and provides insights in the shape of regular market commentary and technical forex analysis videos.

On 23rd May, UK GDP and Retail Sales figures will be announced. If the announcement expected arrives, this will underline GBP strength, but if a negative figure is announced, then this could drive down GBP several hundred pips.

Head of Market Analysis Jay Mawji commented:

“UK Retail Sales could play a bigger role in May than in previous months. The Bank of England have recently raised the forecast for GDP and a positive Retail Sales figure could support such a view. Further, incoming governor Mark Carney will be assessing the state of the UK economy as he consults the MPC on his plan when he takes over, the Retail Sales will provide a key insight into how the consumer is currently affected by the state of the economy and what action the Bank of England may need to take.”

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Vantage FX UK is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.

What sets forex brokers Vantage FX UK apart is their wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering handy tools to allow traders to compare forex spreads and more.

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