UK April retail sales +1.2% vs +0.2% m/m expected
- Prior +0.4%
- Retail sales +5.0% vs +4.5% y/y expected
- Prior +2.6%
- Retail sales ex autos, fuel +1.3% vs 0.3% m/m expected
- Prior +0.5%
- Retail sales ex autos, fuel +5.3% vs +4.4% y/y expected
- Prior +3.3%
These are very strong numbers. Not sure why the BoE keeps cutting when they are so far from their target.