Thursday, December 28, 2017

Quiet day before the weekend in the US

Quiet day before the weekend in the US

The British economy is surprisingly firmly held position after the vote on the country's exit from the European Union: economic stability data exceeded forecasts. However, the clouds had already started to gather on the horizon, as reality "Brekzita" becomes a major problem for businesses and consumers. Retail sales in the UK in January showed a decline: general index fell by 0.2% on a monthly basis at the expected growth of 0.7%. Also, data of the previous month were revised downward from an initial -2% to -2.2%. Sales show a weak trend since December, as Retail consumers are ready for the shock of the "Brekzita". We do not expect this trend to improve in the short term against the backdrop of rising inflation and the growing concerns about the prospects for the UK out of the EU

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