Latest data released by CBI - 27 March 2019
- Prior 0
- Total distributive reported sales -6
- Prior 14
The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy. A notable drop in retail sentiment as CBI notes that the year-on-year sales growth for the March reading may be distorted due to the later timing of Easter this year compared to that of 2018.
The headline reading there is the biggest drop in 17 months but given seasonality and Brexit factors, it isn't one to really weigh on the pound. Cable holds steady at 1.3210 still as we gear towards the indicative votes selection later at around 1500 GMT.
