Commentary
Add as a preferred source on GoogleQuotes from RBC Capital Markets: -GBP: January retail sales were weaker than expected, falling 0.7% m/m ex-fuel (consensus -0.3%) and December was also revised to show a small fall (-0.1% m/m from +0.2% previously report…
Quotes from RBC Capital Markets:
-GBP: January retail sales were weaker than expected, falling 0.7% m/m ex-fuel (consensus -0.3%) and December was also revised to show a small fall (-0.1% m/m from +0.2% previously reported).
-These data can be particularly erratic around December/January, but the underlying trend remains solid, with sales up 2.3% in 3m/3m terms.
-Public finances data for January (a key month for tax receipts) were close to expectations showing a large seasonal surplus.
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