FLASH: UK consumer is bullish BoB in Jan-19
- UK retail sales more than recovered their Dec-18 fall with a Jan-19 resurgence back above an already brisk trend. I still see the BoE as overly gloomy on demand.- Surveys have softened amid ongoing political uncertainty, but the average British consumer appears bored of Brexit, and the so-called “BoBs†keep spending. Official data exceeded the surveys after the referendum and are doing so again.
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