• Prior 0.4%
  • 5.3% vs 2.6% exp y/y. Prior 2.0%
  • Ex-fuel 2.8% vs 0.3% exp m/m. Prior 0.4%
  • 6.1% vs 3.2% exp y/y. Prior 2.3%

Wow, wow and thrice wow. Biggest rise since October 2004

  • Non store retailing +4.8% in Dec, +21.6% y/y
  • Department stores +8.7%

Small stores surprisingly the driver of sales growing three times faster annually than the big shops.

Cable up 100 pips from 1.6345 to 1.6445

UK retail sales 17 01 2014

UK retail sales 17 01 2014