U.K. swings to £6.4B surplus in January, retail sales fall


The U.K. ran a Public Sector surplus of £6.425B in January following a deficit of £9.03B in December, although consensus was for a surplus of £9B. (PR)

Retail sales -1.5% on month in January vs +2.5% in December and consensus of -1%. On year, sales +4.3% vs +5.3% and +5%.

Excluding fuel, sales -1.5% on month vs+2.7% and -1.4%; on year, sales +4.8% vs +6.1% and +5%. (PR)

The pound jumps a bit off an earlier low and is +0.2% at $1.668, while the FTSE is +0.5%.

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