• Prior 39
  • Sales avg 3m/3m 34 vs 42 prior
  • Orders -7 vs +2 prior
  • Volume sales time of year -5 vs +9 prior
  • Stocks 20 vs 28 prior

Wow. That will explain the drop in cable then. Who knew eh?

Sales in supermarkets and department stores hit a brick wall in Feb. Orders at suppliers were cut to the lowest since May 2013 and firms expect to reduce staffing levels at the sharpest pace in over 5 years

Rain Newton-Smith at the CBI says that heavy discounting in the grocery sector is weighing on activity.

Sales expectations for March also fell to 27 vs 42 prior

Not a good front runner for the main UK retails sales which we'll get in March. Bear this in mind.

UK CBI distributive trades sales

GBP/USD edged lower to 1.5333