Once again the consumer slaps the economy right round the chops

There's at least one person sitting at his desk who is not surprised by the numbers today

Even after seeing fleeting glimpses of a pick up, US shoppers continue to stick their middle finger up to spending. The numbers just keep getting worse.

The questions over the dollars height will carry on growing after the price data. That shows the difference between an economy like the UK, which is very import dependant, and the US which is more export dependant

For me, it's another feather in the dovish cap