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Eurozone Retail Sales rise 1.8% YoY in May vs. 1.2% expected

  • Eurozone annual Retail Sales rose 1.8% in May.
  • Retail Sales in the old continent came in at -0.7% MoM in May.

The Eurozone’s Retail Sales grew 1.8% year-over-year in May, following a revised 2.7% increase in April, according to official data released by Eurostat on Monday. Markets estimated a 1.2% figure.

On a monthly basis, Retail Sales in the old continent dropped 0.7% in the same period versus April’s +0.3% revision while aligning with the market expectations.

FX implications

The Eurozone data fail to have any impact on the Euro. The EUR/USD pair is trading 0.45% lower on the day at 1.1725, as of writing.

GBP/JPY treads water near 197.50 following UK Halifax House Prices, Japan’s wage data

GBP/JPY remains steady after experiencing volatility, trading around 197.30 during the European hours on Monday. The currency cross holds ground following the UK Halifax House Prices data, which climbed 2.5% year-over-year in June, against the 2.6% rise in May.
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Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
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