UK: Small upside risks to September retail sales - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities see small upside risks to UK’s September retail sales, with a gain of 0.2% m/m (mkt: -0.3%).

Key Quotes

“This would leave retail sales in expansion territory for three consecutive months, something that has not happened since mid-2017, but much of this growth is coming on the back of expanding credit, and is likely unsustainable.”

“We continue to expect a softening in activity through H2, with growth constrained until Brexit clarity emerges at the end of this year and into early 2019. EU leaders conclude their summit today, with a high chance we see Brexit headlines.”

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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