UK: A small rise is expected in retail sales numbers this week - BBH

Analysts at BBH points out that February UK retail sales data will be reported this week and a small rise is expected after declines in both December and January.  

Key Quotes

“The last time British retail sales fell in three consecutive months was late 2009 and early 2010.  We suspect it is not coincidental that wage growth slowed in December and January.  We suspect that the weakening wage pressure give the majority at the BOE time to see how the economy evolves before deciding if it needs to take back some of its accommodation.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.