The Confederation of British Industry (CBI) reported on Wednesday that the Retail Sales Balance in December improved to +11 from -19 in November.

The CBI's Expected Retail Sales for January stood at -17.

Market reaction

This report doesn't seem to be having a significant impact on risk sentiment. As of writing, the UK's FTSE 100 Index was rising 0.7% on the day and US stock index futures were up between 0.65% and 0.75%. 

Meanwhile, GBP/USD stays on the back foot and was last seen trading at 1.2120, where it was losing 0.5% on a daily basis.