February 2018 UK retail sales 22 March 2018

  • Prior 0.1%
  • 1.5% vs 1.3% exp y/y. Prior 1.6%
  • Ex-fuel 0.6% vs 0.4% exp m/m. Prior 0.1%
  • 1.1% vs 1.2% exp y/y. Prior 1.5%

Food and fuel were the main drivers this month. There’s not much here for the BOE to get excited about but consumers are still spending so that’s always a good sign. Not much move in GBP pairs.

Ryan Littlestone

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