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UK retail sales rebound 1.4% m/m in November, a big beat

  • UK retail sales bounce 1.4% m/m in Nov, a negative surprise
  • The core retail sales in the UK rose by 1.2% m/m in Nov.

The UK retail sales rebounded 1.4% over the month in November, beating market expectations by a big margin while core retail sales stripping the auto motor fuel sales also jumped 1.2% m/m.

On an annualized basis, the UK retail sales rose 3.6% in November versus 1.9% expected while the core retail sales also ticked 3.8% higher in the reported month versus 2.8% previous and 2.3% expectations.

United Kingdom Retail Sales ex-Fuel (YoY) came in at 3.8%, above forecasts (2.3%) in November

United Kingdom Retail Sales ex-Fuel (YoY) came in at 3.8%, above forecasts (2.3%) in November
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Fed: Pushing back against tightening financial conditions – ABN AMRO

Bill Diviney, senior economist at ABN AMRO, expects that the Fed will deliver just one rate hike in 2019 after the FOMC raised the target range of the
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