FLASH: UK sales snap back down to trend in Sep-18
- UK retail sales were a little disappointing in September by falling 0.8% m-o-m, but this was merely a quicker than expected snap back to its still-brisk trend.- I continue to forecast 3Q18 GDP growth of 0.6% q-o-q, which would be a bullish surprise to the BoE. Some of the increase is probably at the expense of 4Q18.
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