UK: Retail sales likely to fall in September - Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura are expecting the UK’s retail sales to fall for the month of September.

Key Quotes

“There are a number of reasons we forecast a fall in official sales volumes in September including: i) payback from the cumulative 1.5% rise in sales during the previous two months, and ii) a weaker reading on the BRC survey and (to a lesser extent) the CBI distributive trades survey.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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