UK BRC Retail Sales Fall Flat In March
Pure FX
12.04.2011
Britain has had rather a mix of sunshine and rain in the last 24 hours. Economic releases have been less consistent than the England football team’s international performance.
First of all retail sales collapsed into a puddle last month declining -1.9% according to the BRC – the greatest one month decline since 1995. Furthermore the IMF added to the reasons not to celebrate – dropping British GDP forecasts for 2011 to 1.7% from 2.0%. This matches the rain-filled forecast made last month from the Office for Budget Responsibility.
However it hasn’t all been storm clouds and thunder from Britain. This morning for instance the UK trade balance deficit in February dropped to -£6.776bn.
Pure FX
12.04.2011
Britain has had rather a mix of sunshine and rain in the last 24 hours. Economic releases have been less consistent than the England football team’s international performance.
First of all retail sales collapsed into a puddle last month declining -1.9% according to the BRC – the greatest one month decline since 1995. Furthermore the IMF added to the reasons not to celebrate – dropping British GDP forecasts for 2011 to 1.7% from 2.0%. This matches the rain-filled forecast made last month from the Office for Budget Responsibility.
However it hasn’t all been storm clouds and thunder from Britain. This morning for instance the UK trade balance deficit in February dropped to -£6.776bn.
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