- prev +0.5%
- y/y +6.9% ca +5.2% exp vs +4.8% prev
- ex-fuel m/m +1.8% vs +0.5% vs +0.1% prev revised up from -0.4%
- y/y +7.7% vs +5.3% exp vs +4.9% prev revised up from +4.2%
The rumours/leaks pointed the way prior and we burst higher on the fact.
Strongest annual gain in 10 years.Easter trading period will have helped boost the till receipts.
- Food sales during the late Easter holiday made a significant contribution to the overall figure, the ONS said. 6.3% higher in April against a year earlier, and 3.6% up on March.
- non-food sales rose by 6.5% compared with a year earlier, but were down 0.4% on the month.
- annual rise in food sales was the biggest since January 2002, and were helped by a combination of better weather and sales promotions.
- increases in the price of food were limited to 0.9% in April, compared with 1.8% a month earlier.
- quarterly retail sales have now grown for 14 months in a row
The ONS has more detail here
GBPUSD 1.6921 highs after absorbing the offers between 1.6900-10
EURGBP testing good support at 0.8100
Tempting to sell GBP here but I’ll wait to see what second/third wave impact we get
UK retail sales mm April
