• +14 prev
  • retail expectations 28 vs 15 prev

Not a real price changer but definitely stronger than expected

GBPUSD still pinned around 1.6700

The monthly February CBI retail survey shows strong growth in sales volumes. The striking finding in the quarterly survey is that retailers expect to reduce staffing levels a little, with the employment intentions balance falling to -5 from 15 in the November quarterly survey. The story of rapid jobs growth alongside the economic recovery may be coming to an end in the retail sector.