Pound Sterling Forecast

Good morning all…. Retail sales data is due out at 09:30am this morning and in my opinion it will be a big market mover it is just a hard call as to which way things will go.

Personally I highly doubt that predictions will be spot on as with the terrible weather seen in the U.K in December it will be a really hard one for analysts to call… I am going to stick my neck on the line and say that the data will actually come out better than expected after speaking to many retailers I know.

Although the lead up to Christmas was particuarly poor, the section between Christmas and New Year was manic and many stores recorded record sales for that period…. there were people in their 1000s waiting to get into shopping centres to grab bargains, this may well push things back on track in my opinion but only time will tell and the release this morning may well set the tone for the rest of the days movements.

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