New Zealand Retail Sales (QoQ) above forecasts (0.1%) in 1Q: Actual (0.8%)

May 23, 2025

GBP/JPY Price Forecast: Holds steady above 193.00 as the pair bottoms

The GBP/JPY registers modest gains as Friday’s Asian session begins, carrying on an upbeat mood as the pair gained over 0.23% on Thursday, bottoming at around the 192.00 area. At the time of writing, the cross-pair trades at 193.14 virtually unchanged.

New Zealand’s Retail Sales climb 0.8% QoQ in Q1 vs. 0.1% expected

New Zealand’s Retail Sales, a measure of the country’s consumer spending, rose 0.8% QoQ in the first quarter (Q1) from the previous reading of 0.9%, according to the official data published by Statistics New Zealand on Friday.