Friday, 24 July 2026
All Session Summaries for this trading day.
GBP moved on strong Retail Sales data
The session remained quiet until the 07:00 UK data releases. UK Retail Sales significantly outperformed forecasts while German GfK Consumer Confidence missed expectations, creating localized volatility in GBP and EUR pairs toward the session close.
What materially influenced the market
- UK Retail Saleshigh
Actual figures of 1.0% MoM and 4.2% YoY beat forecasts, driving GBP strength.
- German GfK Consumer Confidencemoderate
The result came in lower than expected at -29.6, weighing slightly on EUR sentiment late in the window.
Trading conditions
Range-bound then directional at 07:00
- Volatility
- moderate
- Trend quality
- moderate
Affected trading profiles
- GBP/USD · Reacting to high-impact economic data
- EUR/USD · Reacting to high-impact economic data
- GBP/USD · Trend continuation after confirmation
Practical takeaway
Economic data outperformed expectations during the London pre-open, rewarding those who waited for the actual release rather than anticipating earlier moves.
Retrospective educational summary. Describes what already happened during this session — not a prediction, not a trade signal, and not financial advice.
London Session Summary
No summary available for this session.
New York Session Summary
No summary available for this session.