UK MARKETS SNAP BACK 🇬🇧
British stocks outperform Europe as retail sales surprise to the upside.
• FTSE 100 +0.3%
• Retail sales +0.4% MoM vs flat expectations
• Annual sales +2.5% well above forecasts
• GBP/USD -0.04% at 1.3488
• Europe lags: DAX -0.1%, CAC 40 -0.1%
Strong consumer demand is giving the UK an edge ahead of the Bank of England’s rate decision.
Europe Still stuck in the red.
