UK Retail Sales
A resounding UK Retail Sales figure of 2.3% for the month of April will surely give some respite to the Bank of England and its policymakers.
Although the UK Consumers have started to feel the effects of high Inflation and a slower wage growth over the first quarter of 2017, consumer confidence looks to have turned a corner for April. In a week that has seen UK data under severe scrutiny prior to the General Election, the Retail Sales figure will compliment key data. The question of how sustainable these figures will look in the months to come in the face of accelerated Inflation should keep policymakers grounded.
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Anthony Kurukgy quoted in MarketWatch