BREAKING: US retail sales below forecasts

US retail sales data for April was released at 1:30 pm BST.  Report turned out to be weaker than expected but it did not trigger any major moves on the markets. Highlights of the report:

• Headline: 0.0% MoM vs 1.0% MoM expected (9.7% MoM previous, revised to 10.7%)

• Ex-autos: -0.8% MoM vs  0.7% MoM expected (8.4% MoM previous)

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2120 level.