Brits are back to buying: a rise of 1.4% in headline sales in February, much better than expected. While this is accompanied by a downwards revision, we have a beat also on the y/y numbers” 3.7%. Excluding fuel, sales are up 1.3% m/m and 4.1% y/y. GBP/USD is jumping, topping 1.25. The high so far is 1.2527. The next [...]
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