26 Mar 2015

Britain’s Retail Sales Climb

Today’s upbeat UK retail sales print for February has shown that local spending remained supported by lower energy costs. In light of this week’s mixed inflation report, a more than expected upside in today’s retail sales data has strengthened expectations that demand remains buoyed on the domestic front. In line with this week’s robust data, today’s GfK survey in Germany showed that morale among consumers in the nation improved for April and fuelled anticipation that overall activity in the Euro bloc is improving. Across the Atlantic, a report released yesterday revealed that durable goods orders in the US declined unexpectedly for February. Later today, greenback investors will eye the weekly jobless claims survey in the nation for further direction.