UK retail sales data due today - preview

The data is due at 0830GMT, April retail sales

ICYMI, Justin posted a preview earlier in the in the week;

• Don't expect stellar readings in this week's UK retail sales data

Just adding now - A couple of quickies from banks:

Barclays:

• Following the weather related weakness in the March retail sales, we expect a bounce back in April; however, we expect the underlying structural weakness to continue.

TD:

• We think markets will be watching retail sales more closely than usual to see how much of a rebound we get after weather disruptions in March and a soft Q1 in general.
• We look for a 1.1% gain, with upside coming from a rebound in gasoline sales and a strong Visa expenditure survey, but some downside risk from the BRC and soft house prices.
• Consensus is wide at -0.8% to +1.7%.

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