Core Retail Sales m/m show changes in retail sales in the given month compared to the previous month. The index calculation does not include auto sales and fuel, which tend to be very volatile.
It is an indicator of consumers spending that allows estimating the inflation level. The growth of the index can be seen as positive for the pound sterling.
The chart of the entire available history of the "United Kingdom Core Retail Sales m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.