What is it? It checks the level of a diffusion index based on surveyed retailers and wholesalers.
It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
Usual Effect: If the number is higher than the forecast, you can expect the GBP to rise.
When? October 27th at 7:00am Eastern Time.
Trading Tip: This announcement can greatly affect the GBP, make sure to make your trades before.
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