UK posts strong retail sales numbers - TDS

FXStreet (Delhi) – Research Team at TDS, notes that the UK’s November retail sales surged 1.7% m/m in November, far outpacing market consensus of a 0.6% monthly gain.

Key Quotes

“Retail sales were consistent with consumers delaying purchases in October in anticipation of November sales. Gains were broad-based across sectors, with growth up significantly in household goods stores and non-specialised stores. Internet sales were also up by nearly 5% on the month, likely reflecting the shift of Black Friday sales from shops to the internet.”